Moravian Homes Inc

Analysis

Moravian Homes Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in September 1980, 46 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 June 2023, Moravian Homes Inc reported income of $3.7m and spending of $6.5m, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.7m (+36%), an average of +7.9% a year. Over the whole period it spent 175% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Moravian Homes Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include The Lakota Family YMCA ($3.7m), Vocational Services Clay Platte Retarded Childrens Co Inc ($3.7m) and Major League Baseball Players Alumni Association ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $26.3m against liabilities of $47.1m, net assets of -$20.8m.

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.