Housing Alternatives Incorporated

Analysis

Housing Alternatives Incorporated is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in January 1991, 35 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 June 2024, Housing Alternatives Incorporated reported income of $70k and spending of $89k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $60k to $70k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Alternatives Incorporated sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include Little League Baseball Inc ($70k), PTA California Congress of Parents Teachers & Students Inc ($70k) and American Society for Composites ($70k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 45% of the total. Other salaries and wages came to $20k. At year end it held assets of $251k against liabilities of $34k, net assets of $217k.

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.