Housing Fund for Linn County

Analysis

Housing Fund for Linn County is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 2008, 18 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 June 2023, Housing Fund for Linn County reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $1.7m (+417%), an average of +51% a year. The sharpest change came in the year to June 2021, when income rose by 330%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Fund for Linn County sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Life Plan Humboldt Dba Life Care Humboldt ($1.7m), Senior Citizens Housing Development Fund Corporation of Steuben County ($1.7m) and Islips Housing Development Fund Company Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.2m against liabilities of $234k, net assets of $1.0m.