Ecumenical Housing Development Group

Analysis

Ecumenical Housing Development Group is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in March 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ecumenical Housing Development Group reported income of $2.0m and spending of $922k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $433k to $2.0m (+362%), an average of +67% a year. The sharpest change came in the year to June 2023, when income rose by 196%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ecumenical Housing Development Group 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 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Episcopal Homes Foundation of Minnesota ($2.0m), Sandy Run Missionary Baptist Church Apartment 1 Inc ($2.0m) and Tedford Housing ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 21% of the total. At year end it held assets of $5.4m against liabilities of $1.6m, net assets of $3.8m.