Waccamaw Housing Inc

Analysis

Waccamaw Housing Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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 2024, Waccamaw Housing Inc reported income of $81k and spending of $160k, spending 198% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $80k to $81k (+0.8%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 170% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waccamaw Housing Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include American Home Finding Endowment Fund for Children ($81k), Hood Canal Food Bank ($81k) and PTA Florida Congress ($81k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $321k against liabilities of $31k, net assets of $290k.

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.