The Highlands at Wyomissing

Analysis

The Highlands at Wyomissing is a registered charity in United States, based in Wyomissing, PA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Highlands at Wyomissing reported income of $39.2m and spending of $37.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $39.2m (+21%), an average of +4.8% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Highlands at Wyomissing sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Social Finance Inc ($39.2m), Arc of Washington County Inc ($39.3m) and Trustees of the Masonic Hall and Asylum Fund ($39.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $856k (2.3% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $197.4m against liabilities of $135.4m, net assets of $62.1m. It reported 575 employees.