Key Boulevard Housing Development Corporation

Analysis

Key Boulevard Housing Development Corporation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 1987, 39 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, Key Boulevard Housing Development Corporation reported income of $730k and spending of $627k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $730k (+22%), an average of +5.2% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Boulevard Housing Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Umkc Alumni Association ($730k), Hopeline Womens Center Inc ($730k) and Good Shepherd Housing Foundation ($729k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $3.3m against liabilities of $2.6m, net assets of $711k.