Polk County Housing Trust Fund

Analysis

Polk County Housing Trust Fund is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 2001, 25 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, Polk County Housing Trust Fund reported income of $19.3m and spending of $8.9m, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $19.3m (+438%), an average of +75% a year. The sharpest change came in the year to June 2023, when income rose by 432%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Polk County Housing Trust Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Skidaway Health and Living Services Inc ($19.3m), The Affordable Housing Trust for Columbus & Franklin County ($19.4m) and Indianapolis Senior Care LLC ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $133k (1.5% of expenses). Other salaries and wages came to $545k. At year end it held assets of $19.2m against liabilities of $2.0m, net assets of $17.2m. It reported 12 employees.