Independent Housing Inc 1700 Pasewalk Ave

Analysis

Independent Housing Inc 1700 Pasewalk Ave is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in February 1979, 47 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 June 2023, Independent Housing Inc 1700 Pasewalk Ave reported income of $732k and spending of $809k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $650k to $732k (+13%), an average of +4.0% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Housing Inc 1700 Pasewalk Ave sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Capital Area Multi-Housing Inc ($732k), Chillum Oaks Adventist Apts Inc ($732k) and Delta Towers Inc ($732k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $3.6m against liabilities of $1.1m, net assets of $2.6m. It reported 2 employees.