Wayne Senior Housing Development Corporation

Analysis

Wayne Senior Housing Development Corporation is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Wayne Senior Housing Development Corporation reported income of $481k and spending of $1,212, leaving 100% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $80k to $481k (+503%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 0.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wayne Senior Housing Development Corporation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Nasib Foundation ($480k), Casa de Esperanza de Los Ninos Foundation ($481k) and American Fund for Athens College in Greece ($480k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7.4m against liabilities of $0, net assets of $7.4m.