Westside Housing and Economic Network Inc

Analysis

Westside Housing and Economic Network Inc is a registered charity in United States, based in Five Points, CA. It received its IRS tax-exemption ruling in April 2022, 4 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, Westside Housing and Economic Network Inc reported income of $136k and spending of $152k, spending 112% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $120k to $136k (+14%), an average of +2.6% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westside Housing and Economic Network Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Specialized Housing Inc VIII ($136k), Agape II Inc ($136k) and Prairie Horizons Inc ($136k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $510k against liabilities of $0, net assets of $510k.

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.