The Housing Fund Inc

Analysis

The Housing Fund Inc is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in June 1996, 30 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 September 2023, The Housing Fund Inc reported income of $10.6m and spending of $4.2m, leaving 60% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $10.6m (+479%), an average of +55% a year. The sharpest change came in the year to September 2021, when income rose by 130%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Housing Fund Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity East Central Ohio Inc ($10.6m), Many Mansions a California Non Profit Corporation ($10.6m) and Williamsburg Retirement Community Inc ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. At year end it held assets of $48.6m against liabilities of $27.5m, net assets of $21.1m.