Liberty Hill Housing Corporation

Analysis

Liberty Hill Housing Corporation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Liberty Hill Housing Corporation reported income of $1.0m and spending of $701k, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $1.0m (-2.6%), an average of -0.7% a year. The sharpest change came in the year to September 2022, when income dropped by 35%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberty Hill Housing Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Key Community Housing ($1.0m), Home Share Oregon ($1.0m) and Danas House Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 60% of the total. At year end it held assets of $4.0m against liabilities of $2.7m, net assets of $1.4m.