Saint Elizabeth Terrace Warwick

Analysis

Saint Elizabeth Terrace Warwick is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in May 2009, 17 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, Saint Elizabeth Terrace Warwick reported income of $386k and spending of $579k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $386k to $386k (+0.1%), an average of +0.0% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saint Elizabeth Terrace Warwick sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within RI. Charities of a similar size with the same main cause include Sebco Vip Housing Development Fund Company Inc ($386k), Progressive Hope House Inc ($386k) and 35 Hansborough Affordable Housing Inc ($386k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. At year end it held assets of $4.1m against liabilities of $5.8m, net assets of -$1.7m. It reported 4 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.