Northwest Housing Corporation

Analysis

Northwest Housing Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 February 2024, Northwest Housing Corporation reported income of $701k and spending of $658k, spending 94% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $642k to $701k (+9.2%), an average of +2.2% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Housing Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Montana Ballet Company Inc ($701k), Advaita Society ($701k) and New Morning Nursery Inc ($701k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 68% and program service revenue 29% of the total. At year end it held assets of $2.9m against liabilities of $2.5m, net assets of $415k.