Iowa Elderly Houseing Corporation

Analysis

Iowa Elderly Houseing Corporation is a registered charity in United States, based in Iowa, LA. It received its IRS tax-exemption ruling in August 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, Iowa Elderly Houseing Corporation reported income of $228k and spending of $185k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $110k to $228k (+107%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 268%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Iowa Elderly Houseing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Future Forward Foundation ($228k), Restoring Women Outreach ($228k) and Poinsett House Senior Housing Corporation ($228k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 54% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.1m against liabilities of $268k, net assets of $786k. It reported 1 employees.