Washington Home of Your Own

Analysis

Washington Home of Your Own is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in July 2000, 26 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 April 2024, Washington Home of Your Own reported income of $503k and spending of $656k, spending 130% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $609k to $503k (-17%), an average of -4.7% a year. The sharpest change came in the year to April 2022, when income dropped by 21%. 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, Washington Home of Your Own sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Plano Community Home Phase III Inc ($503k), Help Me Housing Development Fund ($504k) and Refugee Welcome Corporation ($503k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $300k. At year end it held assets of $3.5m against liabilities of $4.3m, net assets of -$764k. It reported 7 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.