Womens Housing and Economic Development Corporation

Analysis

Womens Housing and Economic Development Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Womens Housing and Economic Development Corporation reported income of $34.3m and spending of $28.0m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $34.3m (+191%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Womens Housing and Economic Development Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Praxis Housing Initiatives Inc ($34.1m), East Harlem Pilot Block Housing Development Fund Co Inc ($34.5m) and Willow Brook Christian Services ($33.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $798k (2.8% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $60.5m against liabilities of $16.0m, net assets of $44.4m. It reported 475 employees.