Poweshiek Area Housing Inc

Analysis

Poweshiek Area Housing Inc is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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, Poweshiek Area Housing Inc reported income of $702k and spending of $522k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $702k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poweshiek Area Housing Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Nebraska Coaches Association ($702k), Asotin County Food Bank Association ($702k) and Humane Society of West Alabama Inc ($702k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.5m against liabilities of $1.7m, net assets of -$266k.