Housing Foundation of America Inc

Analysis

Housing Foundation of America Inc is a registered charity in United States, based in Pembroke Pines, FL. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation of America Inc reported income of $765k and spending of $698k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $765k (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Foundation of America Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Center for Religion and Psychotherapy of Chicago ($765k), St Pauls Child Development Center Inc ($765k) and Terrebonne Churches United Foodbank Inc ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $4,800 (0.7% of expenses). At year end it held assets of $696k against liabilities of $286k, net assets of $410k. It reported 7 employees.