Wilshire Drive Inc

Analysis

Wilshire Drive Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in August 1994, 32 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 2024, Wilshire Drive Inc reported income of $121k and spending of $125k, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $108k to $121k (+12%), an average of +2.2% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wilshire Drive Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Ken-Crest Housing Pa 2010 Inc ($121k), Hbhci Hud 7 Inc ($121k) and Cane Pointe Apartments Inc ($121k).

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 $650k against liabilities of $1.1m, net assets of -$466k.

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.