Hvaf of Indiana Inc

Analysis

Hvaf of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hvaf of Indiana Inc reported income of $9.5m and spending of $9.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $9.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hvaf of Indiana Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include View at Goodwin Living LLC ($9.5m), Community Housing Concepts Inc ($9.5m) and Sunstone Way ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $269k (2.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $18.1m against liabilities of $705k, net assets of $17.4m. It reported 82 employees.