West Louisville Housing Corporation

Analysis

West Louisville Housing Corporation is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in May 1981, 45 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 June 2024, West Louisville Housing Corporation reported income of $939k and spending of $872k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $811k to $939k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Louisville Housing Corporation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include William E English Foundation ($938k), Woodside Village Inc ($939k) and The Salvation Army El Cajon Residences Inc ($938k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.1m against liabilities of $2.4m, net assets of -$1.3m. It reported 4 employees.