Ware Terrace Incorporated

Analysis

Ware Terrace Incorporated is a registered charity in United States, based in Waycross, GA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 October 2023, Ware Terrace Incorporated reported income of $297k and spending of $228k, leaving 23% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $437k to $297k (-32%), an average of -9.2% a year. The sharpest change came in the year to October 2022, when income dropped by 19%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ware Terrace Incorporated sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Stadium High School Boosters ($297k), Jic Non Profit Organization ($297k) and Trustees of Purdue University ($297k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.5m against liabilities of $301k, net assets of $1.2m.