Housing Rescource Center of Lewis County

Analysis

Housing Rescource Center of Lewis County is a registered charity in United States, based in Centralia, WA. It received its IRS tax-exemption ruling in December 1991, 35 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, Housing Rescource Center of Lewis County reported income of $1.2m and spending of $1.4m, spending 119% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $1.2m (+9.9%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Rescource Center of Lewis County sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Evernorth Loan Fund Inc ($1.2m), United Cerebral Palsy Housing Development Fund Corporation ($1.2m) and Highlands Mutual Housing Corporation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Other salaries and wages came to $324k. At year end it held assets of $3.9m against liabilities of $409k, net assets of $3.5m. It reported 8 employees.

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.