Housing Authority of Olive Hill Kentucky Inc

Analysis

Housing Authority of Olive Hill Kentucky Inc is a registered charity in United States, based in Olive Hill, KY. It received its IRS tax-exemption ruling in August 1984, 42 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 (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, Housing Authority of Olive Hill Kentucky Inc reported income of $257k and spending of $227k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $265k to $257k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Authority of Olive Hill Kentucky Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Willow Tree Apartments Inc ($257k), Thurston Housing Land Trust ($257k) and Southern Iowa Cog Housing Trust Fund ($257k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $68k. At year end it held assets of $388k against liabilities of $1.0m, net assets of -$635k. It reported 3 employees.