West Side CLT

Analysis

West Side CLT is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, West Side CLT reported income of $674k and spending of $409k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $343k to $674k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 455%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Side CLT sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Telacu Housing-Riverside II Inc ($674k), Catholic Housing Corporation of Schuylkill County ($674k) and We Fortify ($674k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (22% of expenses). Other salaries and wages came to $56k. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.2m. It reported 2 employees.