Laredo-Webb Neighborhood Housing Services Inc

Analysis

Laredo-Webb Neighborhood Housing Services Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in January 1996, 30 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 September 2023, Laredo-Webb Neighborhood Housing Services Inc reported income of $833k and spending of $1.0m, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $599k to $833k (+39%), an average of +8.6% a year. The sharpest change came in the year to September 2020, when income rose by 24%. 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, Laredo-Webb Neighborhood Housing Services Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Shirts Across America ($833k), Village East Retirement Communityinc ($833k) and Jefferson Avenue School Associates Inc ($832k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 7.1% of the total. Other salaries and wages came to $313k. At year end it held assets of $6.0m against liabilities of $1.9m, net assets of $4.1m. It reported 11 employees.