Association for Homes Inc

Analysis

Association for Homes Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in December 2006, 20 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, Association for Homes Inc reported income of $299k and spending of $322k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $299k (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Association for Homes Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Edna RHF Housing Inc ($299k), Bethany House Inc ($299k) and Deaf-Reach Housing Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. Other salaries and wages came to $39k. At year end it held assets of $4.5m against liabilities of $829k, net assets of $3.7m. It reported 5 employees.