William Booth Residence Inc

Analysis

William Booth Residence Inc is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in July 2001, 25 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 September 2023, William Booth Residence Inc reported income of $412k and spending of $611k, spending 148% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $362k to $412k (+14%), an average of +3.3% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, William Booth Residence Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Familyforward ($412k), Rejuvenated Life Inc ($412k) and Lutheran Social Services of Central Ohio Pleasant View Housing Inc ($412k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $2.3m against liabilities of $6.2m, net assets of -$4.0m.

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.