Hancock County Housing Associates

Analysis

Hancock County Housing Associates is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in January 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hancock County Housing Associates reported income of $112k and spending of $140k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $94k to $112k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hancock County Housing Associates sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Lexington Residential Alternative Inc ($112k), Jack & Virginia Wright Apartment Foundation ($112k) and Millennium - Janesvlle II Inc ($112k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $783k against liabilities of $5,153, net assets of $778k.

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.