Wasco Affordable Housing Inc

Analysis

Wasco Affordable Housing Inc is a registered charity in United States, based in Wasco, CA. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wasco Affordable Housing Inc reported income of $663k and spending of $768k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $663k (-64%), an average of -22% a year. The sharpest change came in the year to June 2022, when income rose by 1161%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wasco Affordable Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Omni-Governor Inc ($663k), Deaconess-Perry Center ($664k) and Danville Senior Housing Inc ($663k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $16k (2.1% of expenses). Other salaries and wages came to $344k. At year end it held assets of $9.5m against liabilities of $305k, net assets of $9.2m. 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.