Housing Innovations Corporation

Analysis

Housing Innovations Corporation is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Housing Innovations Corporation reported income of $360k and spending of $175k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $301k to $360k (+20%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Innovations Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WV. Charities of a similar size with the same main cause include Keuka Comfort Care ($360k), Advent Senior Housing Inc ($360k) and Slippery Rock Presbyterian Senior Housing Inc ($360k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 93% of the total. At year end it held assets of $1.8m against liabilities of $17k, net assets of $1.8m.