Wildacres Retreat

Analysis

Wildacres Retreat is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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 December 2023, Wildacres Retreat reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wildacres Retreat sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.6m), South Carolina Coalition Against Domestic Violence & Sexual Assault ($1.6m) and Youth for Christ USA Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $764k. At year end it held assets of $2.0m against liabilities of $27k, net assets of $2.0m. It reported 37 employees.

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.