Elderly Housing of West Union Inc

Analysis

Elderly Housing of West Union Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in July 1994, 32 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, Elderly Housing of West Union Inc reported income of $355k and spending of $377k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $349k to $355k (+2.0%), an average of +0.6% 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, Elderly Housing of West Union Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Southeast Affordable Housing Corporation ($355k), Volunteers of America Inc ($355k) and Hawley Winton Housing Dev FND Co Walter Ludovico Apartments ($355k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. At year end it held assets of $785k against liabilities of $1.5m, net assets of -$732k.