Wider Path Home Foundation

Analysis

Wider Path Home Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wider Path Home Foundation reported income of $507k and spending of $1.8m, spending 348% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.0m to $507k (-75%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wider Path Home Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within RI. Charities of a similar size with the same main cause include Greater Stonington Realty Corporation ($507k), Nazareth Housing Development ($507k) and Cornerstone Corporation ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (4.4% of expenses). Other salaries and wages came to $11k. At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 4 employees.