Housing Research & Advocacy Center

Analysis

Housing Research & Advocacy Center is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Housing Research & Advocacy Center reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $1.5m (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Research & Advocacy Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Family & Childrens Center Couseling and Development Services Inc ($1.5m), The Path of Citrus County Inc ($1.5m) and Mount Washington Preschool and Child Care Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $84k (6.5% of expenses). Other salaries and wages came to $700k. At year end it held assets of $1.6m against liabilities of $108k, net assets of $1.5m. It reported 60 employees.