Whalley Avenue Housing II Inc

Analysis

Whalley Avenue Housing II Inc is a registered charity in United States, based in Woodbridge, CT. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2023, Whalley Avenue Housing II Inc reported income of $134k and spending of $118k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $89k to $134k (+50%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Whalley Avenue Housing II Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Door Step Project ($134k), Friendship Hall Inc ($134k) and Home-In-Stead Inc ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $6,362. At year end it held assets of $1.1m against liabilities of $49k, net assets of $1.0m.