Heartland Housing Inc

Analysis

Heartland Housing Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 1997, 29 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 2022, Heartland Housing Inc reported income of $4.3m and spending of $3.5m, spending 80% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $12.8m to $4.3m (-66%), an average of -30% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heartland Housing Inc 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 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Patricia and Mark Joseph Shelter Foundation Inc ($4.3m), Decatur Church of Christ Senior Housing Inc ($4.3m) and Transitional Living Services ($4.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 31% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $493k (14% of expenses). Other salaries and wages came to $412k. At year end it held assets of $63.0m against liabilities of -$276k, net assets of $63.2m. It reported 53 employees.