Wisconsin Housing Preservation Corp

Analysis

Wisconsin Housing Preservation Corp is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 2002, 24 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 December 2023, Wisconsin Housing Preservation Corp reported income of $73.4m and spending of $68.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59.8m to $73.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wisconsin Housing Preservation Corp sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Momentum Housing ($72.6m), Massachusetts Housing Investment Corp ($73.6m) and Fox Run Village Inc ($71.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.6m (2.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $469.7m against liabilities of $315.2m, net assets of $154.5m.