Kearney Housing Development Corporation

Analysis

Kearney Housing Development Corporation is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in March 1995, 31 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 March 2024, Kearney Housing Development Corporation reported income of $385k and spending of $164k, leaving 57% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $126k to $385k (+205%), an average of +32% a year. The sharpest change came in the year to March 2022, when income rose by 107%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kearney Housing Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Housing Development Corporation ($385k), North Florida Educational Development Corporation ($385k) and RVM Bend Housing Corporation ($385k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.1% and program service revenue 46% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.5m against liabilities of -$2.7m, net assets of $4.2m.