Swan Memorial Housing Association

Analysis

Swan Memorial Housing Association is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in August 1978, 48 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 September 2024, Swan Memorial Housing Association reported income of $853k and spending of $787k, spending 92% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $724k to $853k (+18%), an average of +3.3% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Swan Memorial Housing Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Inter-Church Council Housing Corporation ($853k), Centennial Housing Corp ($853k) and Building New Foundations Inc ($853k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $134k. At year end it held assets of $2.4m against liabilities of $1.9m, net assets of $419k.