Irene Wortham Residential Center Inc

Analysis

Irene Wortham Residential Center Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1987, 39 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 June 2024, Irene Wortham Residential Center Inc reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $3.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Irene Wortham Residential Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Crystal Lake Food Pantry Inc ($3.8m), Inland Caregiver Resource Center ($3.8m) and Lakeside Lutheran Home ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $74k (2.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.3m against liabilities of $249k, net assets of $4.0m.