West Elmwood Neighbor Works Home Ownership Center Inc

Analysis

West Elmwood Neighbor Works Home Ownership Center Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 2011, 15 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, West Elmwood Neighbor Works Home Ownership Center Inc reported income of $60k and spending of $22k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $60k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 1847%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Elmwood Neighbor Works Home Ownership Center Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within RI. Charities of a similar size with the same main cause include CRC Housing Corporation ($60k), Rainbow of Challenges Homes of Bradley ($60k) and Strawberry Leisure Homes Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.