Ninth Ward Housing Development Corporation

Analysis

Ninth Ward Housing Development Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ninth Ward Housing Development Corporation reported income of $104k and spending of $183k, spending 176% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $76k to $104k (+36%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 1135%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ninth Ward Housing Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Horizon Homes for Elderly Inc ($104k), Wrens Way Inc ($104k) and Venture Villa Inc ($104k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $12k, net assets of $1.9m.