Wayzata Bay Senior Housing Inc

Analysis

Wayzata Bay Senior Housing Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Wayzata Bay Senior Housing Inc reported income of $22.0m and spending of $22.8m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.5m to $22.0m (+19%), an average of +4.4% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wayzata Bay Senior Housing Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Homefull ($22.0m), Big Five Community Services Inc ($22.0m) and Terwilliger Plaza Inc ($22.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $155.2m against liabilities of $138.5m, net assets of $16.7m.

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.