Alverno Housng Corporation

Analysis

Alverno Housng Corporation is a registered charity in United States, based in Jefferson, WI. It received its IRS tax-exemption ruling in December 1983, 43 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 June 2023, Alverno Housng Corporation reported income of $461k and spending of $346k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $339k to $461k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alverno Housng Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include 5199 Mission Street Senior Housing Inc ($460k), Wickenburg Area Habitat for Humanity ($461k) and RVM Mansfield Housing Corporation ($460k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $902k against liabilities of $361k, net assets of $541k.