Housing Assistance Corporation

Analysis

Housing Assistance Corporation is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in July 1976, 50 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 Assistance Corporation reported income of $37.1m and spending of $36.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.3m to $37.1m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Assistance Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Trellis Co ($37.0m), Achievement Unlimited Inc ($37.4m) and Blanchard Valley Continuing Care Services ($36.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $497k (1.4% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $21.3m against liabilities of $10.1m, net assets of $11.3m. It reported 138 employees.