Washington Lane Section 811 Housing Corporation

Analysis

Washington Lane Section 811 Housing Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2003, 23 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 June 2023, Washington Lane Section 811 Housing Corporation reported income of $205k and spending of $403k, spending 197% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $199k to $205k (+2.9%), an average of +0.9% a year. Over the whole period it spent 165% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Lane Section 811 Housing Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Connection Fund - Jefferson ($205k), Esperanza Group ($205k) and Oaks Family Care Center Inc ($205k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $72k. At year end it held assets of $2.7m against liabilities of $685k, 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.