Phyllis Wheatley Homes Inc

Analysis

Phyllis Wheatley Homes Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 1977, 49 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, Phyllis Wheatley Homes Inc reported income of $642k and spending of $726k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $613k to $642k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Phyllis Wheatley Homes Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include US Lottport Housing Development Fund Corporation ($641k), Tahoe Senior Plaza Inc ($642k) and Terwilliger Plaza Foundation Inc ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $122k. At year end it held assets of $256k against liabilities of $129k, net assets of $127k. It reported 3 employees.