Bangsund Dwelling Place NFP

Analysis

Bangsund Dwelling Place NFP is a registered charity in United States, based in Leavenworth, WA. It received its IRS tax-exemption ruling in July 2008, 18 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, Bangsund Dwelling Place NFP reported income of $440k and spending of $406k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $440k (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bangsund Dwelling Place NFP sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Trinity Methodist Church Apts Inc ($440k), Housing Independence Inc ($441k) and Alabama Baptist Retirement Centers Inc ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $98k (24% of expenses). Other salaries and wages came to $161k. At year end it held assets of $452k against liabilities of $5,012, net assets of $447k. It reported 13 employees.