Waico RHF Housing Inc

Analysis

Waico RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1991, 35 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 May 2024, Waico RHF Housing Inc reported income of $578k and spending of $544k, spending 94% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $504k to $578k (+15%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waico RHF Housing Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Duncaster Foundation Inc ($578k), Toxic Free North Carolina Inc ($578k) and Educational Resources of Monterey County ($578k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $1.4m against liabilities of $1.7m, net assets of -$223k.