Waverly Community House Inc

Analysis

Waverly Community House Inc is a registered charity in United States, based in Waverly, PA. It received its IRS tax-exemption ruling in September 1942, 84 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, Waverly Community House Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $1.1m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waverly Community House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Druid Heights Community Development Corporation Inc ($1.1m), Breakthrough Cincinnati Inc ($1.1m) and Partners in Skills a NJ Nonprofit Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 20% of the total. Other salaries and wages came to $390k. At year end it held assets of $7.4m against liabilities of $32k, net assets of $7.3m. It reported 60 employees.