Terre Haute Housing Authority Development Corp

Analysis

Terre Haute Housing Authority Development Corp is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in March 1993, 33 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 September 2023, Terre Haute Housing Authority Development Corp reported income of $1.0m and spending of $817k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $821k to $1.0m (+22%), an average of +5.1% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Terre Haute Housing Authority Development Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include North Charleston Renaissance Inc ($1.0m), Helping Hands Foundation Inc ($1.0m) and St Marys Apartments Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Other salaries and wages came to $181k. At year end it held assets of $4.7m against liabilities of $342k, net assets of $4.3m.