West Oak Lane Community Development Corp

Analysis

West Oak Lane Community Development Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1980, 46 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, West Oak Lane Community Development Corp reported income of $258k and spending of $284k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $266k to $258k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 15434%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Oak Lane Community Development Corp sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Peoples Community Development Corporation ($257k), Branford Interfaith Housing Corporation ($258k) and Indian Rock Supportive Housing Inc ($257k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $11k. At year end it held assets of $790 against liabilities of $1,754, net assets of -$964. It reported 4 employees.