PHW Oconomowoc Inc

Analysis

PHW Oconomowoc Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 2018, 8 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, PHW Oconomowoc Inc reported income of $7.8m and spending of $8.1m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6,314 to $7.8m (+122974%), an average of +492% a year. The sharpest change came in the year to September 2020, when income rose by 30296%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PHW Oconomowoc Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Eastview at Middlebury ($7.8m), Over the Rhine Community Housing ($7.8m) and Montana Homeownership Network Inc ($7.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $47.9m against liabilities of $52.6m, net assets of -$4.7m.

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.