Gardens at Wichita Place Inc

Analysis

Gardens at Wichita Place Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in January 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, Gardens at Wichita Place Inc reported income of $136k and spending of $172k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $136k (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gardens at Wichita Place Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within KS. Charities of a similar size with the same main cause include Christian Village Homes Inc ($136k), Cross County Apartments Inc ($136k) and Lancaster Housing and Neighborhood Development Services ($136k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.3m against liabilities of $173k, net assets of $1.1m.

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.