Walmsley Housing Corporation

Analysis

Walmsley Housing Corporation is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in June 2001, 25 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 2023, Walmsley Housing Corporation reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.3m (-12%), an average of -3.1% a year. 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, Walmsley Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.3m), Mutual Housing Association of Southwestern Connecticut Inc ($2.3m) and Community Shelter Services Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $13.7m against liabilities of $4.5m, net assets of $9.2m.

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.