Housing and Economic Concepts Inc

Analysis

Housing and Economic Concepts Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2013, 13 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, Housing and Economic Concepts Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $579k to $1.9m (+229%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 169%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Economic Concepts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Edgewood Senior Solutions Group Inc ($1.9m), North Brunswick Housing Corp ($1.9m) and Housing Council at Pathstone Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $28k (1.4% of expenses). At year end it held assets of $4.1m against liabilities of $138k, net assets of $3.9m.