Hanna City Home Association

Analysis

Hanna City Home Association is a registered charity in United States, based in Hanna City, IL. It received its IRS tax-exemption ruling in February 2004, 22 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, Hanna City Home Association reported income of $350k and spending of $404k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $350k (+16%), an average of +3.8% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hanna City Home Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Supportive Housing Association of NJ Inc ($350k), Gethsemane Manor Housing Development Fund Company Inc ($350k) and Oxford Senior Housing Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $2.4m against liabilities of $3.4m, net assets of -$956k.

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.