Monsignor Wynhoven Apts

Analysis

Monsignor Wynhoven Apts is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1979, 47 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, Monsignor Wynhoven Apts reported income of $3.8m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.8m (+16%), an average of +3.8% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor Wynhoven Apts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Casper Family YMCA ($3.8m), Speck Homes Inc ($3.8m) and Clearwater Academy International Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $572k. At year end it held assets of $6.8m against liabilities of $8.6m, net assets of -$1.8m.