Community Housing Services- Wedgewood II Inc

Analysis

Community Housing Services- Wedgewood II Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in May 1995, 31 years ago. 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, Community Housing Services- Wedgewood II Inc reported income of $237k and spending of $326k, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $186k to $237k (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Housing Services- Wedgewood II Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within UT. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($237k), Search and Assist ($237k) and Lanikai Canoe Club ($237k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.5m against liabilities of $4.0m, net assets of -$1.5m.

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.