Waverly Care Center Inc

Analysis

Waverly Care Center Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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, Waverly Care Center Inc reported income of $7.1m and spending of $7.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $7.1m (+2.9%), an average of +0.7% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waverly Care Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Brother Bills Helping Hand ($7.1m), A Starting Place Inc ($7.1m) and National Church Residences at Home Hospice ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $4.5m against liabilities of $3.9m, net assets of $671k.

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.