Buchanan Housing Inc

Analysis

Buchanan Housing Inc is a registered charity in United States, based in Independence, IA. It received its IRS tax-exemption ruling in August 2000, 26 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 2024, Buchanan Housing Inc reported income of $126k and spending of $135k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $122k to $126k (+3.1%), an average of +0.8% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Buchanan Housing Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Key Homes Inc ($126k), Life Options Network ($126k) and SVDP I Housing Corp ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 85% of the total. At year end it held assets of $637k against liabilities of $216k, net assets of $421k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.