Mid-Wilshire Apartments Housing Corporation

Analysis

Mid-Wilshire Apartments Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1997, 29 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 December 2023, Mid-Wilshire Apartments Housing Corporation reported income of $602k and spending of $679k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $602k (+6.6%), an average of +1.6% a year. 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, Mid-Wilshire Apartments Housing Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Telacu Housing - Alhambra Inc ($602k), Citizens Adult Foster Care Inc ($602k) and Community Share Ministry ($602k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $68k. At year end it held assets of $2.4m against liabilities of $709k, net assets of $1.6m.