Housing Assistance Council

Analysis

Housing Assistance Council is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1974, 52 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 September 2023, Housing Assistance Council reported income of $14.1m and spending of $10.1m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.2m to $14.1m (+236%), an average of +35% a year. The sharpest change came in the year to September 2021, when income rose by 90%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Assistance Council sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include New Community Corporation ($14.0m), Alexandria Housing Development Corporation ($14.1m) and Community Partners for Affordable Housing ($14.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $692k (6.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $66.2m against liabilities of $24.2m, net assets of $42.0m. It reported 46 employees.