Wrens Way Inc

Analysis

Wrens Way Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 2004, 22 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, Wrens Way Inc reported income of $104k and spending of $143k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $104k (+15%), an average of +3.6% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wrens Way Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Ninth Ward Housing Development Corporation ($104k), Sage Housing Inc ($104k) and Horizon Homes for Elderly Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. At year end it held assets of $861k against liabilities of $19k, net assets of $842k.

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.