National Association of Housing Cooperatives

Analysis

National Association of Housing Cooperatives is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, National Association of Housing Cooperatives reported income of $504k and spending of $408k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $554k to $504k (-9.1%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association of Housing Cooperatives sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Cordova Family Resource Center ($503k), Riverview International Center Inc ($504k) and Chicago Family Business Council Inc ($503k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $253k against liabilities of $136k, net assets of $117k.