Willow Apartments Group Home Incorporated

Analysis

Willow Apartments Group Home Incorporated is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Willow Apartments Group Home Incorporated reported income of $164k and spending of $238k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $164k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 163% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Willow Apartments Group Home Incorporated sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within KY. Charities of a similar size with the same main cause include Northeast Oklahoma Regional Alliance Inc ($164k), Mayors Star Council ($164k) and Maplewood Village Special Improvement District Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 90% of the total. Other salaries and wages came to $139k. At year end it held assets of $263k against liabilities of $168k, net assets of $95k.

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.