The Housing Fellowship

Analysis

The Housing Fellowship is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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, The Housing Fellowship reported income of $1.8m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 168%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Housing Fellowship sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include YWCA of Southeastern Massachuetts ($1.8m), Heart of a Lion Foundation Inc ($1.8m) and Somos Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $359k (19% of expenses). Other salaries and wages came to $62k. At year end it held assets of $15.8m against liabilities of $9.4m, net assets of $6.4m. It reported 8 employees.