Waterford Dublin Development Inc

Analysis

Waterford Dublin Development Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in August 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterford Dublin Development Inc reported income of $602k and spending of $980k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $602k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waterford Dublin Development Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Citizens Adult Foster Care Inc ($602k), Work Express Housing Inc ($603k) and Mid-Wilshire Apartments Housing Corporation ($602k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $120k. At year end it held assets of $7.2m against liabilities of $1.4m, net assets of $5.8m.

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.