NCR of Webster Housing Development Fund Co Inc

Analysis

NCR of Webster Housing Development Fund Co Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 August 2024, NCR of Webster Housing Development Fund Co Inc reported income of $621k and spending of $640k, spending 103% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $493k to $621k (+26%), an average of +5.9% a year. The sharpest change came in the year to August 2023, when income rose by 36%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NCR of Webster Housing Development Fund Co Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Tusen Tack ($620k), Habitat for Humanity International Inc ($621k) and Rural Employment Alternative ($620k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 66% and program service revenue 32% of the total. At year end it held assets of $3.3m against liabilities of $4.7m, net assets of -$1.4m.

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.