Stafford United Methodist Housing Development Corporation

Analysis

Stafford United Methodist Housing Development Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 1989, 37 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 June 2023, Stafford United Methodist Housing Development Corporation reported income of $190k and spending of $220k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $182k to $190k (+4.5%), an average of +1.5% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stafford United Methodist Housing Development Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Peaceful Living Homes ($190k), Keystone Challenge Fund Inc ($190k) and Spirit of Blue Foundation ($190k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $38k. At year end it held assets of $913k against liabilities of $1.2m, net assets of -$241k.

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.