Wind Crest Inc

Analysis

Wind Crest Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wind Crest Inc reported income of $96.3m and spending of $112.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81.0m to $96.3m (+19%), an average of +4.4% a year. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wind Crest Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Monarch ($96.1m), Lifetime Assistance Incorporated ($96.7m) and Portable Practical Educational Preparation Inc ($96.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $462k (0.4% of expenses). Other salaries and wages came to $30.9m. At year end it held assets of $552.1m against liabilities of $635.8m, net assets of -$83.7m. It reported 1,478 employees.

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.