Wilmington Area Rebuilding Ministry Inc

Analysis

Wilmington Area Rebuilding Ministry Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wilmington Area Rebuilding Ministry Inc reported income of $4.4m and spending of $4.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.4m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wilmington Area Rebuilding Ministry Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Affordable Housing Foundation of Greater Delaware ($4.4m), Christ House ($4.4m) and Emma Norton Services ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $103k (2.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.7m against liabilities of $2.8m, net assets of $2.0m. It reported 45 employees.