WHFH Development Corporation

Analysis

WHFH Development Corporation is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in March 2021, 5 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, WHFH Development Corporation reported income of $550k and spending of $226k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $500k to $550k (+9.9%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, WHFH Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Phoenix Family Ventures Inc ($550k), Oceanview Manor Inc ($550k) and Westwood Affordable Housing Inc ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.