Waynedale Apartments Inc

Analysis

Waynedale Apartments Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Waynedale Apartments Inc reported income of $181k and spending of $177k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $126k to $181k (+44%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waynedale Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include H O L I E of Waukesha Inc ($181k), Goldsboro Development Corporation ($181k) and Northwest Housing Initiative Inc ($181k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $17k. At year end it held assets of $625k against liabilities of $1.5m, net assets of -$834k.