Jack & Virginia Wright Apartment Foundation

Analysis

Jack & Virginia Wright Apartment Foundation is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in September 2000, 26 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 June 2023, Jack & Virginia Wright Apartment Foundation reported income of $112k and spending of $102k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $119k to $112k (-5.8%), an average of -5.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jack & Virginia Wright Apartment Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within AK. Charities of a similar size with the same main cause include Hancock County Housing Associates ($112k), Cottages of Delta Acres Inc ($112k) and Lexington Residential Alternative Inc ($112k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $100k against liabilities of $61k, net assets of $39k.