Housing Independence Inc

Analysis

Housing Independence Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 1997, 29 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 September 2023, Housing Independence Inc reported income of $441k and spending of $451k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $407k to $441k (+8.2%), an average of +2.0% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Independence Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Bangsund Dwelling Place NFP ($440k), St Patrick Manor Inc ($441k) and Trinity Methodist Church Apts Inc ($440k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $77k (17% of expenses). At year end it held assets of $839k against liabilities of $28k, net assets of $810k. It reported 4 employees.