The Foundation of the Oscar and Ella Wilf Campus for Senior Living

Analysis

The Foundation of the Oscar and Ella Wilf Campus for Senior Living is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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, The Foundation of the Oscar and Ella Wilf Campus for Senior Living reported income of $1.9m and spending of $3.4m, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation of the Oscar and Ella Wilf Campus for Senior Living sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Vida 180 USA ($1.9m), West Virginia Drug Testing Laboratories Inc ($1.9m) and Boys & Girls Clubs of Oakland Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. At year end it held assets of $5.3m against liabilities of $95k, net assets of $5.2m.

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.