Wyoming Non-Profit Housing Corporation

Analysis

Wyoming Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in May 2020, 6 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, Wyoming Non-Profit Housing Corporation reported income of $1.7m and spending of $2.2m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12k to $1.7m (+14458%), an average of +247% a year. The sharpest change came in the year to December 2020, when income rose by 13331%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wyoming Non-Profit Housing Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include TH Inc ($1.7m), Old Timers Housing Development Corporation of Chino ($1.7m) and Connect Senior Services Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $9.6m against liabilities of $11.2m, net assets of -$1.6m.

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.