18th & Wabash Corp

Analysis

18th & Wabash Corp is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 18th & Wabash Corp reported income of $1.1m and spending of $1.8m, spending 169% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.1m (+6.9%), an average of +2.2% a year. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 18th & Wabash Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Lutheran Properties Inc ($1.1m), Nixon Home Care ($1.1m) and Better Housing Foundation ($1.1m).

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 $3.3m against liabilities of $16.1m, net assets of -$12.8m.

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.