Yw Homes Inc

Analysis

Yw Homes Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Yw Homes Inc reported income of $251k and spending of $537k, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $439k to $251k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 178% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Yw Homes Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include Crossing of Amelia Inc ($251k), Helping Hands Ministries ($251k) and Mill Creek Apartments ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $56k. At year end it held assets of $4.8m against liabilities of $5.1m, net assets of -$338k.

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.