NWC Corporation

Analysis

NWC Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1990, 36 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 2023, NWC Corporation reported income of $242k and spending of $217k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $245k to $242k (-1.1%), an average of -0.4% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NWC Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Sepp Rural Elderly Housing Inc ($242k), Guest House Inc ($242k) and New Castle Housing Corporation ($242k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $454k against liabilities of $473k, net assets of -$19k.