Waterford at St Luke

Analysis

Waterford at St Luke is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in April 1987, 39 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterford at St Luke reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.2m (-29%), an average of -8.3% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterford at St Luke sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Croton Free Library ($1.2m), Center for Art & Education ($1.2m) and New Hope Volunteer Fire Department of Orange County Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $6.3m against liabilities of $2.8m, net assets of $3.6m.