Area IV Development Inc

Analysis

Area IV Development Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in September 1998, 28 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, Area IV Development Inc reported income of $1.2m and spending of $2.1m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $1.2m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Area IV Development Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Markham Gardens Manor Housing Development Fund Company Inc ($1.2m), MMM Louisiana Affordable Housing Inc ($1.2m) and Long Island Partnership Housing Development Fund Co Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $21.3m against liabilities of $5.9m, net assets of $15.5m.

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.