Willow Towers Inc

Analysis

Willow Towers Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in October 2000, 26 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, Willow Towers Inc reported income of $13.9m and spending of $15.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $13.9m (+14%), an average of +3.3% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Towers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Appalachia Service Project Inc ($13.9m), Alaska Corporation for Affordable Housing ($13.9m) and East River Development Alliance Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $969k (6.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $21.5m against liabilities of $17.4m, net assets of $4.1m. It reported 168 employees.