National Association of Housing & Redevelopment Officials

Analysis

National Association of Housing & Redevelopment Officials is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 Association of Housing & Redevelopment Officials reported income of $374k and spending of $340k, spending 91% of its income. Across the 6 years on record, from September 2019 to December 2023, income fell from $396k to $374k (-5.6%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income rose by 1548%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Housing & Redevelopment Officials sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Howard College Foundation ($374k), Friends of the Fairhope Library ($374k) and Paralyzed Veterans of America ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 78% of the total. At year end it held assets of $527k against liabilities of $41k, net assets of $486k.