Willimantic Housing Corporation

Analysis

Willimantic Housing Corporation is a registered charity in United States, based in Willimantic, CT. It received its IRS tax-exemption ruling in June 2016, 10 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, Willimantic Housing Corporation reported income of $325k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income fell from $547k to $325k (-41%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 19317%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willimantic Housing Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include The Union Club of Springfield Ohio ($325k), Pottawattamie County Housing Trust Fund Inc ($325k) and Mmiii Inc ($324k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $846k against liabilities of $0, net assets of $846k.