Milton a Williams Housing Inc

Analysis

Milton a Williams Housing Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milton a Williams Housing Inc reported income of $294k and spending of $338k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $294k (+34%), an average of +7.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milton a Williams Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Nautical Affordable Housing Inc ($294k), Ka Ohana Waiaha ($295k) and Casa de Amigos VI Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. At year end it held assets of $2.1m against liabilities of $2.9m, net assets of -$851k.

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.