Willow Arms Mutual Housing Association Inc

Analysis

Willow Arms Mutual Housing Association Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Willow Arms Mutual Housing Association Inc reported income of $924k and spending of $1.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $895k to $924k (+3.3%), an average of +0.8% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Arms Mutual Housing Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Alabama Nonprofit Housing Inc ($924k), Park City Initiative Corporation ($925k) and Villa Caridad ($924k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $2.8m against liabilities of $376k, net assets of $2.4m.

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.