Wactor Gardens Inc

Analysis

Wactor Gardens Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wactor Gardens Inc reported income of $122k and spending of $144k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $122k (+14%), an average of +3.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wactor Gardens Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Dixieland Garden Senior Complex Inc ($122k), Affordable Housing Group Inc ($122k) and Greater Community Housing Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $457k against liabilities of $853k, net assets of -$397k.

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.