Village of St Edward at Wadsworth

Analysis

Village of St Edward at Wadsworth is a registered charity in United States, based in Wadsworth, OH. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Village of St Edward at Wadsworth reported income of $6.1m and spending of $8.2m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $6.1m (+156%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of St Edward at Wadsworth sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Mount St Mary Inc ($6.1m), Patriot Services Group Louisiana Inc ($6.1m) and Fairview Housing Management ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $26.4m against liabilities of $34.5m, net assets of -$8.1m. It reported 158 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.