North Topeka Housing Corporation

Analysis

North Topeka Housing Corporation is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in July 1985, 41 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, North Topeka Housing Corporation reported income of $232k and spending of $228k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $232k (+8.8%), an average of +2.1% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Topeka Housing Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KS. Charities of a similar size with the same main cause include Harrah Senior Housing Corporation ($232k), Better Community Housing of Trenton Inc ($232k) and Homes for Life Foundation ($231k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $33k. At year end it held assets of $497k against liabilities of $1.0m, net assets of -$507k. It reported 8 employees.