Western Iowa Housing Corporation

Analysis

Western Iowa Housing Corporation is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in March 2004, 22 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, Western Iowa Housing Corporation reported income of $93k and spending of $109k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $93k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Iowa Housing Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Shelter Ministries Inc ($93k), Stony Brook Housing Inc ($93k) and TG 105 Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$398k.

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.