Housingnola

Analysis

Housingnola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Housingnola reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $810k to $2.7m (+229%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 414%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housingnola sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Modest Community Services Association Inc ($2.7m), Home Care Options Inc ($2.7m) and Wellspring Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $91k (3.4% of expenses). Other salaries and wages came to $315k. At year end it held assets of $2.5m against liabilities of $516k, net assets of $1.9m.