Willow Creek Housing Inc

Analysis

Willow Creek Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in November 1996, 30 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 December 2021, Willow Creek Housing Inc reported income of $2.1m and spending of $2.1m, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $1.9m to $2.1m (+10%), an average of +5.1% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Creek Housing Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Helping Hands of Springfield Inc ($2.1m), Community Concepts Finance Corp ($2.1m) and Christopher Homes Inc ($2.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $179k. At year end it held assets of $6.1m against liabilities of $9.4m, net assets of -$3.3m.

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.