Wildberry Apartments Inc

Analysis

Wildberry Apartments Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wildberry Apartments Inc reported income of $451k and spending of $556k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $402k to $451k (+12%), an average of +3.9% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wildberry Apartments Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include South Congregational Church ($451k), Panhandle Services for Children Inc ($451k) and Landing Apartments ($450k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $113k. At year end it held assets of $4.6m against liabilities of $6.4m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.