Brad Hoxie Area Development Inc

Analysis

Brad Hoxie Area Development Inc is a registered charity in United States, based in Pocahontas, AR. It received its IRS tax-exemption ruling in August 1987, 39 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, Brad Hoxie Area Development Inc reported income of $197k and spending of $183k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $197k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brad Hoxie Area Development Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AR. Charities of a similar size with the same main cause include Oak Haven Apartments Inc ($197k), Peter and Paul Housing Corporation ($197k) and Mid Peninsula Scotts Valley Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $10k (5.5% of expenses). Other salaries and wages came to $9,434. At year end it held assets of $539k against liabilities of $201k, net assets of $338k.