W L C Housing Inc

Analysis

W L C Housing Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, W L C Housing Inc reported income of $1.6m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 38%. 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, W L C Housing Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Hospitality House and Nutrition Center ($1.6m), Claiborne Creek Inc ($1.6m) and Parity Baltimore Incorporated ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $233k. At year end it held assets of $4.2m against liabilities of $108k, net assets of $4.1m. It reported 5 employees.