Tuskegee Housing Development Corporation

Analysis

Tuskegee Housing Development Corporation is a registered charity in United States, based in Tuskegee, AL. It received its IRS tax-exemption ruling in July 1998, 28 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, Tuskegee Housing Development Corporation reported income of $108k and spending of $140k, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $95k to $108k (+13%), an average of +3.2% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tuskegee Housing Development Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within AL. Charities of a similar size with the same main cause include Lone Star Garden Development Corp ($108k), Mercy Outreach Ministries VI Inc ($108k) and Liberty Community Integration Program II Inc ($108k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 79% of the total. Other salaries and wages came to $36k. At year end it held assets of $2.1m against liabilities of $176k, net assets of $1.9m.