Wakefield Health Care Center Inc

Analysis

Wakefield Health Care Center Inc is a registered charity in United States, based in Wakefield, NE. It received its IRS tax-exemption ruling in April 1956, 70 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wakefield Health Care Center Inc reported income of $60k and spending of $45k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $60k (-9.6%), an average of -9.6% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wakefield Health Care Center Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within NE. Charities of a similar size with the same main cause include United Way of McDuffie County Inc ($60k), Hope Unlimited Inc ($60k) and Allegany County Cancer Services Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. At year end it held assets of $190k against liabilities of $134k, net assets of $56k.