Wellspan Properties Inc

Analysis

Wellspan Properties Inc is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in March 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wellspan Properties Inc reported income of $27.0m and spending of $24.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.1m to $27.0m (+79%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wellspan Properties Inc 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 97th percentile within PA. Charities of a similar size with the same main cause include Seniorcare Montchanin Inc ($27.0m), St Leonard ($27.1m) and Habitat for Humanity International Inc ($26.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $200.2m against liabilities of $168.3m, net assets of $31.9m.