Wampum Park Housing Corp

Analysis

Wampum Park Housing Corp is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in August 1996, 30 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, Wampum Park Housing Corp reported income of $253k and spending of $268k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $199k to $253k (+27%), an average of +8.4% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wampum Park Housing Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Baden Presbyterian Senior Housing Inc ($253k), Partnership Housing Affordable to Society Everywhere ($253k) and Housing Services of Kansas City Inc ($253k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $68k. At year end it held assets of $700k against liabilities of $1.7m, net assets of -$982k.

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.