Western Home Services Inc

Analysis

Western Home Services Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Western Home Services Inc reported income of $8.9m and spending of $12.2m, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $7.8m to $8.9m (+13%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Home Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Famicos Foundation Inc ($8.9m), Coal County General Hospital ($8.9m) and Alternatives for Girls ($8.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.6m (13% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $37.1m against liabilities of $35.8m, net assets of $1.3m. It reported 978 employees.

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.