WLS Building Company

Analysis

WLS Building Company is a registered charity in United States, based in Chaska, MN. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, WLS Building Company reported income of $315k and spending of $184k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $325k to $315k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, WLS Building Company sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Disability Pride Philadelphia Inc ($315k), Ozaukee Nonprofit Center Inc ($316k) and Flourish of Cullman Inc ($315k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $2.7m, net assets of -$669k.