Housing Alliance Delaware Inc

Analysis

Housing Alliance Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 2000, 26 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 June 2023, Housing Alliance Delaware Inc reported income of $1.4m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Alliance Delaware Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Vincent Village Inc ($1.4m), Community Enterprise Investments Inc ($1.4m) and Renaissance of Hope Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $97k (7.3% of expenses). Other salaries and wages came to $700k. At year end it held assets of $598k against liabilities of $77k, net assets of $521k. It reported 16 employees.