Durham Housing Assoc Inc

Analysis

Durham Housing Assoc Inc is a registered charity in United States, based in Bedford, NH. It received its IRS tax-exemption ruling in May 1975, 51 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, Durham Housing Assoc Inc reported income of $451k and spending of $561k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $451k (+19%), an average of +4.4% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Durham Housing Assoc Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within NH. Charities of a similar size with the same main cause include Panhandle Services for Children Inc ($451k), Residences at Neponset Field Inc ($452k) and Wildberry Apartments Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $1.6m against liabilities of $2.5m, net assets of -$868k.

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.