Winter Grove Inc

Analysis

Winter Grove Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 2013, 13 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, Winter Grove Inc reported income of $440k and spending of $810k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $440k (+6.4%), an average of +1.6% a year. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Winter Grove Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Westcott-Wilcox Old Peoples Home ($440k), Mountain Housing Opportunities Loan Fund Inc ($440k) and Good Samaritan House of Granite City Inc ($440k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $6.4m against liabilities of $214k, net assets of $6.2m.

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.