Wishek Home for the Aged

Analysis

Wishek Home for the Aged is a registered charity in United States, based in Wishek, ND. It received its IRS tax-exemption ruling in November 1964, 62 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, Wishek Home for the Aged reported income of $8.2m and spending of $6.8m, spending 83% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.5m to $8.2m (+48%), an average of +8.2% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wishek Home for the Aged sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within ND. Charities of a similar size with the same main cause include Proveg International Incorporated ($8.2m), City Mission of Schenectady ($8.2m) and Fort George Community Services Inc ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $142k (2.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $8.0m against liabilities of $799k, net assets of $7.2m. It reported 90 employees.