Wilmington Housing Partnership Corp

Analysis

Wilmington Housing Partnership Corp is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 1990, 36 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 June 2023, Wilmington Housing Partnership Corp reported income of $254k and spending of $465k, spending 183% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $838k to $254k (-70%), an average of -26% a year. The sharpest change came in the year to June 2022, when income rose by 893%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wilmington Housing Partnership Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within DE. Charities of a similar size with the same main cause include Schenectady Community Home Inc ($254k), HFL Ashtabula Homes ($254k) and Caruthersville Senior Citizens Housing Inc ($254k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.1m against liabilities of $4.5m, net assets of -$3.3m.