Low Income Housing Development Corporation of Terre Haute

Analysis

Low Income Housing Development Corporation of Terre Haute is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in June 2014, 12 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 September 2023, Low Income Housing Development Corporation of Terre Haute reported income of $889k and spending of $712k, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $963k to $889k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to September 2021, when income dropped by 29%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Low Income Housing Development Corporation of Terre Haute sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Lhanc Real Estate Holdings Inc ($889k), Habitat for Humanity NYC Fund Inc ($892k) and Affordable Housing Associates of Dauphin County Inc ($889k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 39% of the total. Other salaries and wages came to $151k. At year end it held assets of $10.8m against liabilities of $2.1m, net assets of $8.7m.