Washington Homeownership Resource Center

Analysis

Washington Homeownership Resource Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1995, 31 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, Washington Homeownership Resource Center reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $1.4m (+360%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Homeownership Resource Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Rogers Hall Corporation ($1.4m), Affordable Communities Inc ($1.4m) and Glenview Elderly Housing ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $115k (8.6% of expenses). Other salaries and wages came to $435k. At year end it held assets of $1.2m against liabilities of $497k, net assets of $655k. It reported 10 employees.