West Hennepin Affordable Housing Land TR

Analysis

West Hennepin Affordable Housing Land TR is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in March 2002, 24 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, West Hennepin Affordable Housing Land TR reported income of $3.9m and spending of $352k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.9m (+235%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Hennepin Affordable Housing Land TR sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Coal County Extended Care Incorporated ($3.9m), Oyster Bay Urban Renewal Inc ($3.9m) and Shelter KC ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $105k (30% of expenses). Other salaries and wages came to $130k. At year end it held assets of $27.5m against liabilities of $4.3m, net assets of $23.2m. It reported 4 employees.