Edison Terrace West

Analysis

Edison Terrace West is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in July 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 June 2024, Edison Terrace West reported income of $291k and spending of $403k, spending 139% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $235k to $291k (+24%), an average of +5.5% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edison Terrace West sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Oneonta Small Family Housing Development Fund Company Inc ($291k), Emmaus House of Saginaw Inc ($291k) and Millingan Housing for Elderly & Handicaped Inc City View Apartment ($291k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 61% of the total. Other salaries and wages came to $49k. At year end it held assets of $3.2m against liabilities of $30k, net assets of $3.2m.

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.