I H a Inc

Analysis

I H a Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2023, I H a Inc reported income of $164k and spending of $218k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $164k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, I H a 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 47th percentile within CT. Charities of a similar size with the same main cause include St James Development Corporation Inc ($164k), Lumber River Cog Housing Corporation ($164k) and Centerspot Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $559k against liabilities of $322k, net assets of $237k.

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.