Wakeland Opportunities for Affordable Housing

Analysis

Wakeland Opportunities for Affordable Housing is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2023, Wakeland Opportunities for Affordable Housing reported income of $86k and spending of $27k, leaving 68% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $280k to $86k (-69%), an average of -32% a year. The sharpest change came in the year to June 2023, when income rose by 710%. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wakeland Opportunities for Affordable Housing sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Friends of Good Shepherd Manor Housing Organization Inc ($86k), Change to Come ($86k) and West Valley Community Development Corporation ($86k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,683 (21% of expenses). At year end it held assets of $44k against liabilities of $500k, net assets of -$456k.