Blackford Grant Housing Authority Inc

Analysis

Blackford Grant Housing Authority Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in November 1991, 35 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 June 2023, Blackford Grant Housing Authority Inc reported income of $168k and spending of $198k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $143k to $168k (+18%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blackford Grant Housing Authority Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Neighborhood Housing Services of Camden Inc ($168k), Aspen Drive Housing Inc ($169k) and Seabury Properties Inc ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 89% of the total. Other salaries and wages came to $34k. At year end it held assets of $371k against liabilities of $784k, net assets of -$413k.

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.