National Association of Housing & Redevelopment Officials

Analysis

National Association of Housing & Redevelopment Officials is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 2022, National Association of Housing & Redevelopment Officials reported income of $6.8m and spending of $6.8m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $6.9m to $6.8m (-2.0%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Housing & Redevelopment Officials sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Rome Hospital Foundation Inc ($6.8m), Contemporary Science Center ($6.8m) and Prevention Links ($6.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $313k (4.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.4m against liabilities of $2.4m, net assets of $5.0m. It reported 33 employees.