Wingo Elderly Housing Corporation

Analysis

Wingo Elderly Housing Corporation is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in March 2000, 26 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, Wingo Elderly Housing Corporation reported income of $74k and spending of $96k, spending 129% of what it took in. Across the 2 years on record, from December 2020 to December 2023, income grew from $67k to $74k (+10%), an average of +10% 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, Wingo Elderly Housing Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within KY. Charities of a similar size with the same main cause include Wha Inc ($74k), Ican Garden Apartments Inc ($74k) and Ken-Crest Housing Pa 2000 Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $376k against liabilities of $740k, net assets of -$364k.