HFL Ashtabula Homes

Analysis

HFL Ashtabula Homes is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, HFL Ashtabula Homes reported income of $254k and spending of $359k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $254k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HFL Ashtabula Homes sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Wilmington Housing Partnership Corp ($254k), Passumpsic View Inc ($254k) and Schenectady Community Home Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.4m against liabilities of $3.8m, net assets of -$2.4m.

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.