Wha Inc

Analysis

Wha Inc is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in December 1998, 28 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, Wha Inc reported income of $74k and spending of $46k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $8,708 to $74k (+754%), an average of +54% a year. The sharpest change came in the year to December 2019, when income rose by 2749%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wha Inc sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 22nd percentile within ME. Charities of a similar size with the same main cause include Ken-Crest Housing Pa 2000 Inc ($74k), Wingo Elderly Housing Corporation ($74k) and Madison Place of Tallulah Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 46% of the total. At year end it held assets of $1.9m against liabilities of $351k, net assets of $1.5m.