WRC Housing Inc

Analysis

WRC Housing Inc is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, WRC Housing Inc reported income of $55k and spending of $74k, spending 136% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $42k to $55k (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, WRC Housing Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Bethel Towers Inc ($55k), Phoenix Rising Center for Women Inc ($55k) and Tri County Regional Development Corporation ($55k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $457k against liabilities of $815k, net assets of -$358k.

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.