Housing and Education Alliance Inc

Analysis

Housing and Education Alliance Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2022, Housing and Education Alliance Inc reported income of $2.5m and spending of $2.1m, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $449k to $2.5m (+464%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 179%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Education Alliance Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Community Lenders Community Development Corporation ($2.5m), Appalachian Home & Health Inc ($2.5m) and Causa Justa Just Cause ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $233k (11% of expenses). Other salaries and wages came to $259k. At year end it held assets of $651k against liabilities of $223k, net assets of $428k. It reported 9 employees.