Housing Assistance Program of Essex County

Analysis

Housing Assistance Program of Essex County is a registered charity in United States, based in Elizabethtown, NY. It received its IRS tax-exemption ruling in February 1979, 47 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, Housing Assistance Program of Essex County reported income of $3.3m and spending of $3.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.3m (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Assistance Program of Essex County sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Upper Shore Aging Housing Corp Inc ($3.3m), City of Bridges CLT ($3.3m) and Neighborhood Housing Services of Greater Berks Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $150k (4.4% of expenses). Other salaries and wages came to $624k. At year end it held assets of $2.5m against liabilities of $466k, net assets of $2.0m. It reported 16 employees.

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.