Innovative Housing Institute Inc

Analysis

Innovative Housing Institute Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1996, 30 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, Innovative Housing Institute Inc reported income of $340k and spending of $347k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $340k (+4.2%), an average of +1.0% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Innovative Housing Institute Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($340k), Quinnipiac Valley Community Development Corporation ($340k) and 2247 Webster Avenue HDFC ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (27% of expenses). Other salaries and wages came to $112k. At year end it held assets of $342k against liabilities of $32k, net assets of $310k. It reported 3 employees.