Eufaula Housing Development Inc

Analysis

Eufaula Housing Development Inc is a registered charity in United States, based in Eufaula, AL. It received its IRS tax-exemption ruling in May 2003, 23 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 December 2023, Eufaula Housing Development Inc reported income of $477k and spending of $450k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $477k (+740%), an average of +70% a year. The sharpest change came in the year to December 2022, when income rose by 2404%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eufaula Housing Development Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Judys Hope Foundation ($477k), Knoxville Dream Center Inc ($477k) and Habitat Housing Solutions Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Other salaries and wages came to $62k. At year end it held assets of $7.6m against liabilities of $4.5m, net assets of $3.1m.