Housing Action Illinois

Analysis

Housing Action Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Housing Action Illinois reported income of $3.6m and spending of $3.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.6m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Action Illinois sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Montessori School of Lake Forest ($3.6m), Triangle Disability & Autism Services Inc ($3.6m) and Mid-Peninsula Baker Park Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $131k (3.4% of expenses). Other salaries and wages came to $834k. At year end it held assets of $2.2m against liabilities of $958k, net assets of $1.3m. It reported 81 employees.