Washburn Housing Corporation

Analysis

Washburn Housing Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Washburn Housing Corporation reported income of $644k and spending of $767k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $654k to $644k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income dropped by 17%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washburn Housing Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Kanfi Gavriel Fund Inc ($644k), Jaago Foundation Inc ($645k) and Life Community Enrichment Inc ($643k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 8.2% of the total. At year end it held assets of $895k against liabilities of $1.2m, net assets of -$274k.

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.