Washington Housing Conservancy Inc

Analysis

Washington Housing Conservancy Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 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 December 2023, Washington Housing Conservancy Inc reported income of $30.8m and spending of $43.0m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $30.8m (+756%), an average of +71% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Housing Conservancy Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Ozark Tri-County Health Care Consortium ($30.7m), Habitat for Humanity of Collier County Inc ($30.9m) and Housing Counseling Services Inc ($30.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Other salaries and wages came to $868k. At year end it held assets of $474.6m against liabilities of $493.9m, net assets of -$19.3m.

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.