Washington Woods Housing Corporation

Analysis

Washington Woods Housing Corporation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in January 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 December 2023, Washington Woods Housing Corporation reported income of $196k and spending of $179k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $196k (+11%), an average of +2.6% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Woods Housing Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Harlem Restoration Project Inc ($196k), Casa de Vida ($196k) and Mental Health Programs Inc -Vi ($196k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $209k against liabilities of $366k, net assets of -$156k.