Willow Grove Community Development Corporation

Analysis

Willow Grove Community Development Corporation is a registered charity in United States, based in Willow Grove, PA. It received its IRS tax-exemption ruling in April 1991, 35 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, Willow Grove Community Development Corporation reported income of $2.0m and spending of $801k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $724k to $2.0m (+177%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Grove Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Housing Navigator Massachusetts Inc ($2.0m), Lincoln Towers Housing Development Fund Corporation ($2.0m) and Lowell Transitional Living Center Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $103k (13% of expenses). Other salaries and wages came to $51k. At year end it held assets of $5.1m against liabilities of $2.6m, net assets of $2.6m. It reported 2 employees.