Wheatley Manor Apartments Inc

Analysis

Wheatley Manor Apartments Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in May 1999, 27 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, Wheatley Manor Apartments Inc reported income of $94k and spending of $89k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $75k to $94k (+25%), an average of +5.8% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wheatley Manor Apartments Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within AR. Charities of a similar size with the same main cause include Cedar Park Inc ($94k), Affordable Housing Preservation Foundation ($94k) and Coburn Woods Inc ($94k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $21k. At year end it held assets of $404k against liabilities of $11k, net assets of $393k.