C E Ware Towers Incorporated

Analysis

C E Ware Towers Incorporated is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in March 2003, 23 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 June 2024, C E Ware Towers Incorporated reported income of $594k and spending of $634k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $490k to $594k (+21%), an average of +4.9% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, C E Ware Towers Incorporated 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 74th percentile within TN. Charities of a similar size with the same main cause include Ahepa 501-Iii Inc ($594k), Twin Pines Apartments Inc ($594k) and Limas Samaritan House Inc ($594k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $71k. At year end it held assets of $2.7m against liabilities of $3.7m, net assets of -$1.0m. It reported 2 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.