Richard Allen Housing Corporation

Analysis

Richard Allen Housing Corporation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1998, 28 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 December 2023, Richard Allen Housing Corporation reported income of $213k and spending of $299k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $213k (-0.4%), an average of -0.1% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richard Allen Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Eaton Knolls Housing Development Fund Corporation ($213k), Bozeman Interfaith Housing II Inc ($213k) and Albion Associates ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $647k against liabilities of $72k, net assets of $576k.