Watkins Area Homes II Inc

Analysis

Watkins Area Homes II Inc is a registered charity in United States, based in Watkins, MN. It received its IRS tax-exemption ruling in June 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Watkins Area Homes II Inc reported income of $258k and spending of $234k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $276k to $258k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watkins Area Homes II Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Providence Business Loan Fund ($258k), Mnic Building Company ($258k) and Minneola Health Care Foundation ($258k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $768k against liabilities of $867k, net assets of -$99k.