Washington Place Inc

Analysis

Washington Place Inc is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in October 1992, 34 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, Washington Place Inc reported income of $141k and spending of $139k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $141k (+11%), an average of +2.6% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Place Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include Greenlawn-Centerport Historical Association ($141k), Sandwood Apartments Inc ($141k) and Church of the Messiah Housing Corp ($140k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $33k. At year end it held assets of $565k against liabilities of $703k, net assets of -$138k.