Hadley Terrace Inc

Analysis

Hadley Terrace Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1994, 32 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, Hadley Terrace Inc reported income of $697k and spending of $813k, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $651k to $697k (+7.1%), an average of +2.3% a year. 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, Hadley Terrace Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Corazon Puro ($697k), Beaver Volunteer Fire Department Inc ($697k) and National Council of Catholic Women ($697k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $1.6m against liabilities of $100k, net assets of $1.5m.

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.