Homesteading and Urban Redevelopment Corporation

Analysis

Homesteading and Urban Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2000, 26 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, Homesteading and Urban Redevelopment Corporation reported income of $278k and spending of $303k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $278k (-80%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homesteading and Urban Redevelopment Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Grace Place ($278k), Ucc Xxiv Inc ($278k) and Nehemiah Sober Living Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $1.4m against liabilities of $1.4m, net assets of $22k.