Washington-Allegany Residence Inc

Analysis

Washington-Allegany Residence Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in May 1984, 42 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Washington-Allegany Residence Inc reported income of $164k and spending of $155k, spending 94% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $163k to $164k (+0.6%), an average of +0.6% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington-Allegany Residence Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Rancho Santa Fe Rotary Foundation Inc ($164k), Gospel Nuggets Inc ($164k) and Delmont Public Library ($164k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $211k against liabilities of $239k, net assets of -$28k.