Hudesman House Apartments

Analysis

Hudesman House Apartments is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 2012, 14 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, Hudesman House Apartments reported income of $129k and spending of $238k, spending 185% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $120k to $129k (+7.0%), an average of +1.7% a year. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hudesman House Apartments sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within WA. Charities of a similar size with the same main cause include Dreamkey Partners Mortgage Inc ($129k), Abraham-Moss Village Inc ($129k) and Hope Charitable Services Inc ($129k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $15k. At year end it held assets of $2.1m against liabilities of $2.8m, net assets of -$692k.

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.