National Association of Housing & Redevelopment Officials

Analysis

National Association of Housing & Redevelopment Officials is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, National Association of Housing & Redevelopment Officials reported income of $397k and spending of $304k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $397k (+226%), an average of +226% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Housing & Redevelopment Officials sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Cedar Falls Iowa Historical Society ($397k), Greater Atlanta Vedic Temple Society Inc ($397k) and East Texas Cares Resource Center Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. At year end it held assets of $567k against liabilities of $101k, net assets of $466k.