Northwest Affordable Housing Inc

Analysis

Northwest Affordable Housing Inc is a registered charity in United States, based in Spooner, WI. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2023, Northwest Affordable Housing Inc reported income of $52k and spending of $178k, spending 345% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $52k (-85%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Affordable Housing Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Lancasters Economic Action for Downtowns Success ($51k), Alternative Efforts Center of Central New York Inc ($52k) and Plano Housing Corporation ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $7,091, net assets of $2.0m.

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.