Willow Terrace Inc

Analysis

Willow Terrace Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2019, 7 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 2024, Willow Terrace Inc reported income of $145k and spending of $158k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $76k to $145k (+91%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Terrace Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Amhhc Project I Inc ($145k), Hickory Lane One Inc ($145k) and Vermont Alliance for Recovery Residences ($145k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $383k against liabilities of $1.0m, net assets of -$619k.

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.