Aase Haugen Homes Inc

Analysis

Aase Haugen Homes Inc is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in October 1961, 65 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Aase Haugen Homes Inc reported income of $7.9m and spending of $7.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $7.9m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aase Haugen Homes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Metrowest Emergency Physicians Inc ($7.9m), Rochester Regional Health Foundation ($7.9m) and Pulmonary Hypertension Association Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $229k (3.1% of expenses). Other salaries and wages came to $2.6m. It paid $14k in professional fundraising fees. At year end it held assets of $6.4m against liabilities of $1.7m, net assets of $4.7m. It reported 147 employees.