Westover Housing Association Inc

Analysis

Westover Housing Association Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1986, 40 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 December 2023, Westover Housing Association Inc reported income of $3.1m and spending of $2.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.1m (+161%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westover Housing Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include American Housing Foundation Inc ($3.1m), Habitat for Humanity International Inc ($3.1m) and Valley Affordable Housing Corp ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.5m against liabilities of $19k, net assets of $3.5m.