Henry County Housing Development Group Inc

Analysis

Henry County Housing Development Group Inc is a registered charity in United States, based in Kewanee, IL. It received its IRS tax-exemption ruling in April 2011, 15 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 March 2024, Henry County Housing Development Group Inc reported income of $165k and spending of $144k, spending 87% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $148k to $165k (+12%), an average of +2.8% a year. The sharpest change came in the year to March 2023, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Henry County Housing Development Group Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Regional Housing Solutions ($165k), Asi-Reno Inc ($165k) and Bethursday Development Corporation ($165k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. At year end it held assets of $906k against liabilities of $485k, net assets of $421k.