Wheatland Duplexes Corporation

Analysis

Wheatland Duplexes Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 1993, 33 years ago. 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, Wheatland Duplexes Corporation reported income of $416k and spending of $456k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $416k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wheatland Duplexes Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Mission Belonging Inc ($416k), San Francisco Mime Troupe ($416k) and Bioenergy Fields Foundation ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 57% of the total. At year end it held assets of $2.6m against liabilities of $5.4m, net assets of -$2.9m.

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.