National Low Income Housing Coalition and Low Income Housing

Analysis

National Low Income Housing Coalition and Low Income Housing is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 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 December 2023, National Low Income Housing Coalition and Low Income Housing reported income of $23.1m and spending of $7.4m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $23.1m (+360%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Low Income Housing Coalition and Low Income Housing sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Bethesda Senior Living Inc ($23.1m), Distinctive Health Solutions Inc ($23.1m) and Housing Trust Silicon Valley ($23.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $399k (5.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $29.6m against liabilities of $2.5m, net assets of $27.1m. It reported 40 employees.