Western Home Services Inc

Analysis

Western Home Services Inc is a registered charity in United States, based in Cedar Falls, 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Western Home Services Inc reported income of $39.4m and spending of $42.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.9m to $39.4m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 108% 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 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Coalition for the Homeless of Houston/Harris County ($39.1m), The Ohio Masonic Home ($39.4m) and Habitat for Humanity International Inc ($39.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $11.5m. At year end it held assets of $179.8m against liabilities of $186.7m, net assets of -$6.8m. It reported 282 employees.

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.