Houseaboutit Inc

Analysis

Houseaboutit Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Houseaboutit Inc reported income of $384k and spending of $379k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $133k to $384k (+189%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Houseaboutit Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within AR. Charities of a similar size with the same main cause include Page Alliance for Community Action ($383k), North Yellowstone Education Foundation ($384k) and Cincinnati Riverbats Baseball Club ($383k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). Other salaries and wages came to $106k. At year end it held assets of $353k against liabilities of $67k, net assets of $286k. It reported 15 employees.