Wichita Place Senior Residences Inc

Analysis

Wichita Place Senior Residences Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wichita Place Senior Residences Inc reported income of $248k and spending of $256k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $248k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wichita Place Senior Residences Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KS. Charities of a similar size with the same main cause include Sparc Inc ($248k), Noble Housing Corporation ($248k) and P E O Chapter House ($248k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 64% of the total. Other salaries and wages came to $35k. At year end it held assets of $2.5m against liabilities of $93k, net assets of $2.4m.

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.