Western Home Services Inc

Analysis

Western Home Services Inc is a registered charity in United States, based in Madrid, IA. It received its IRS tax-exemption ruling in May 2011, 15 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 2020, Western Home Services Inc reported income of $12.5m and spending of $11.2m, spending 90% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $10.0m to $12.5m (+25%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Home Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Crispus Attucks Association of York Pennsylvania ($12.5m), Wesley Manor Retirement Community Inc ($12.5m) and Quantum Leap Incorporated ($12.4m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $137k (1.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $24.8m against liabilities of $11.0m, net assets of $13.7m. It reported 226 employees.