Wemar Homes Inc

Analysis

Wemar Homes Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in February 1997, 29 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, Wemar Homes Inc reported income of $99k and spending of $118k, spending 119% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $101k to $99k (-1.5%), an average of -1.5% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wemar Homes Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Lutheran Social Services of Central Ohio Marion Place II Housing Inc ($99k), Peaceful Haven Inc ($99k) and Deep River Mission Inc ($99k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $394k against liabilities of $51k, net assets of $343k.