Wilmiingtons Residential Adolescent Achievement Place

Analysis

Wilmiingtons Residential Adolescent Achievement Place is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in February 2006, 20 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 December 2023, Wilmiingtons Residential Adolescent Achievement Place reported income of $93k and spending of $103k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $93k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wilmiingtons Residential Adolescent Achievement Place sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Halos and Hearts Foundation ($93k), McKee Street Apartments ($93k) and Loving Hearts & Caring Hands Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 129% of the total. At year end it held assets of $20k against liabilities of $53k, net assets of -$33k.