Housing Education and Economic Development Inc

Analysis

Housing Education and Economic Development Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in July 1990, 36 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, Housing Education and Economic Development Inc reported income of $616k and spending of $515k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $616k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Education and Economic Development Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within MS. Charities of a similar size with the same main cause include Miami-Dade Affordable Housing Foundation Inc ($615k), The Salvation Army Glendale Residences Inc ($616k) and Trinity Apartments of Lakeland Inc ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $264k (51% of expenses). Other salaries and wages came to $97k. At year end it held assets of $301k against liabilities of $3,264, net assets of $298k. It reported 5 employees.