Methow Housing TR

Analysis

Methow Housing TR is a registered charity in United States, based in Winthrop, WA. It received its IRS tax-exemption ruling in May 2017, 9 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 December 2023, Methow Housing TR reported income of $3.9m and spending of $473k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $961k to $3.9m (+311%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 247%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Methow Housing TR sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Kim Wilson Housing ($3.9m), Humanities Foundation Inc ($4.0m) and Neighborhood Housing Services of Waterbury Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 134% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $96k (20% of expenses). Other salaries and wages came to $220k. At year end it held assets of $15.1m against liabilities of $598k, net assets of $14.5m. It reported 6 employees.