Tennessee Association of Housing & Redevelopment Authorities

Analysis

Tennessee Association of Housing & Redevelopment Authorities is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Tennessee Association of Housing & Redevelopment Authorities reported income of $360k and spending of $268k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $360k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tennessee Association of Housing & Redevelopment Authorities sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Advent Senior Housing Inc ($360k), Milwaukee Community Land Trust Ltd ($360k) and Housing Innovations Corporation ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. At year end it held assets of $732k against liabilities of $0, net assets of $732k.