Housing Initiatives Inc

Analysis

Housing Initiatives Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Housing Initiatives Inc reported income of $2.5m and spending of $2.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.5m (+10%), an average of +2.5% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Housing Initiatives Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Sullivan 180 Inc ($2.5m), Heights Foundation Inc ($2.5m) and Our Village United Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $105k (4.0% of expenses). Other salaries and wages came to $518k. At year end it held assets of $7.6m against liabilities of $8.4m, net assets of -$824k. It reported 12 employees.