Western New York Veterans Housing Coalition Inc

Analysis

Western New York Veterans Housing Coalition Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1988, 38 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, Western New York Veterans Housing Coalition Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2020, when income rose by 77%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western New York Veterans Housing Coalition Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Tayan Alliances Inc ($1.2m), Comea Inc ($1.2m) and Mt Pleasant Housing Development Fund Co Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $148k (13% of expenses). Other salaries and wages came to $248k. At year end it held assets of $5.9m against liabilities of $3.9m, net assets of $2.0m. It reported 17 employees.