Westby Housing Associates Inc

Analysis

Westby Housing Associates Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in November 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westby Housing Associates Inc reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $1.7m (+2.6%), an average of +0.9% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westby Housing Associates Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Worcester Common Ground Inc ($1.7m), Peoria Opportunities Foundation ($1.7m) and Xavier Mission Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $3.9m against liabilities of $5.7m, net assets of -$1.8m.

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.