Westhab Inc

Analysis

Westhab Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in March 1991, 35 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, Westhab Inc reported income of $151.3m and spending of $150.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.0m to $151.3m (+175%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 54%. 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, Westhab Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Preservation of Affordable Housing Inc ($145.5m), Hope Network ($165.6m) and Abode Services ($126.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $3.3m (2.2% of expenses). Other salaries and wages came to $51.1m. At year end it held assets of $377.7m against liabilities of $310.7m, net assets of $66.9m. It reported 2,079 employees.