West Bank Community Housing Corporation

Analysis

West Bank Community Housing Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, West Bank Community Housing Corporation reported income of $959k and spending of $607k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $652k to $959k (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 166%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Bank Community Housing Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Carthage Economic Development Corporation ($958k), The West Mont Foundation ($959k) and Eldorado Church of God Homes Inc ($958k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $11k. At year end it held assets of $16.2m against liabilities of $785k, net assets of $15.4m.