Advantage Housing Inc

Analysis

Advantage Housing Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advantage Housing Inc reported income of $568k and spending of $610k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $568k to $568k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advantage Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Neighborhood Renewal Housing Development Fund Corporation ($568k), He Ala Hou O Ke Ola Inc ($569k) and Grace Congregate Housing Corporation ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 9.0% of the total. Other salaries and wages came to $167k. At year end it held assets of $677k against liabilities of $654k, net assets of $22k. It reported 6 employees.

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.