Williamsburg Retirement Community Inc

Analysis

Williamsburg Retirement Community Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Williamsburg Retirement Community Inc reported income of $10.5m and spending of $10.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.2m to $10.5m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Williamsburg Retirement Community Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Transforming Age ($10.5m), Habitat for Humanity East Central Ohio Inc ($10.6m) and Habitat for Humanity International Inc ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $31.9m against liabilities of $7.0m, net assets of $24.9m.