1213 William Street Corporation

Analysis

1213 William Street Corporation is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2024, 1213 William Street Corporation reported income of $99k and spending of $82k, spending 83% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $141k to $99k (-30%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 50%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1213 William Street Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Mission I 6 8 ($99k), PVCDC St Andrews Apartments ($99k) and Vesta Pelden Inc ($99k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $543k against liabilities of $102k, net assets of $441k.