Warc Properties Inc

Analysis

Warc Properties Inc is a registered charity in United States, based in Hawthorne, NY. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Warc Properties Inc reported income of $81k and spending of $53k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $81k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Warc Properties Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Lions Club of Patchogue Inc ($81k), East Windsor Volunteer Fire Co 1 Inc ($81k) and Rivertownes Pa USA ($81k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 64% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.