Housing Associates Inc

Analysis

Housing Associates Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1994, 32 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 Associates Inc reported income of $134k and spending of $211k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $119k to $134k (+13%), an average of +3.0% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Associates Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Worthington Senior Housing Inc ($134k), National Alliance for Resident Services in Affordable and ($134k) and Spruce Street House of Hope Inc ($133k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $206k against liabilities of $33k, net assets of $173k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.