Readstown Housing for the Elderly in

Analysis

Readstown Housing for the Elderly in is a registered charity in United States, based in Readstown, WI. It received its IRS tax-exemption ruling in April 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Readstown Housing for the Elderly in reported income of $122k and spending of $117k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $173k to $122k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Readstown Housing for the Elderly in sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Birch Forest Apartments Inc ($122k), Humphreys Homeless Coalition ($122k) and Next Step of Central Louisiana Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $189k against liabilities of $75k, net assets of $114k.