Housing 1989

Analysis

Housing 1989 is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in December 1992, 34 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 2024, Housing 1989 reported income of $221k and spending of $231k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $213k to $221k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing 1989 sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include 201 Thurbers Inc ($221k), Community Housing III Inc ($221k) and Ashley Directions Inc ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 52% of the total. Other salaries and wages came to $47k. At year end it held assets of $958k against liabilities of $47k, net assets of $911k.