Waynedale II Apartments Inc

Analysis

Waynedale II Apartments Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in May 2008, 18 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 2023, Waynedale II Apartments Inc reported income of $88k and spending of $123k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $72k to $88k (+21%), an average of +6.6% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waynedale II Apartments Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IN. Charities of a similar size with the same main cause include Sikkoo Mandoo Community-Minnesota ($88k), PCR House Inc ($88k) and Ethridge Recovery Center ($88k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $12k (9.4% of expenses). At year end it held assets of $570k against liabilities of $1.0m, net assets of -$467k.

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.