Wesco Housing Corporation

Analysis

Wesco Housing Corporation is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in October 2006, 20 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, Wesco Housing Corporation reported income of $215k and spending of $289k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $215k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 284%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesco Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Stand at the Crossroads Ministries ($215k), Valley Housing Development Corporation Incorporated ($215k) and Dowagiac Villa Non-Profit Housing Corporation ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. At year end it held assets of $1.5m against liabilities of $328k, net assets of $1.2m.