Willow Gardens Inc

Analysis

Willow Gardens Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in April 2015, 11 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, Willow Gardens Inc reported income of $8.3m and spending of $8.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $8.3m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Gardens Inc 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 92nd percentile within NY. Charities of a similar size with the same main cause include Homewood Living Ministries Inc ($8.3m), Westminster Retirement Communities Foundation Inc ($8.3m) and Housing Development Alliance Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $20.5m against liabilities of $17.9m, net assets of $2.6m. It reported 108 employees.