Wilson Housing Development Corporation

Analysis

Wilson Housing Development Corporation is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in May 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, Wilson Housing Development Corporation reported income of $4.6m and spending of $413k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $4.6m (+4428%), an average of +159% a year. The sharpest change came in the year to December 2023, when income rose by 3433%. Over the whole period it spent 8.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wilson Housing Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Shreveport Leased Housing Corporation ($4.6m), Jasa Housing Management Services for the Aged Inc ($4.6m) and Cornerstone Assisted Living of Plymouth Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.2% of the total. Other salaries and wages came to $29k. At year end it held assets of $10.4m against liabilities of $1.1m, net assets of $9.3m.