Wenonah Park Properties Inc

Analysis

Wenonah Park Properties Inc is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in May 2004, 22 years ago. 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, Wenonah Park Properties Inc reported income of $9.5m and spending of $10.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $9.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wenonah Park Properties Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Embe ($9.5m), Odd Fellow Rebekah Home Association Inc ($9.5m) and Avondale Education Association Inc ($9.5m).

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 $19.9m against liabilities of $36.0m, net assets of -$16.1m.

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.