Kaplan Housing Corporation

Analysis

Kaplan Housing Corporation is a registered charity in United States, based in Kaplan, LA. It received its IRS tax-exemption ruling in April 1997, 29 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 March 2024, Kaplan Housing Corporation reported income of $228k and spending of $257k, spending 112% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $127k to $228k (+79%), an average of +16% a year. The sharpest change came in the year to March 2024, when income rose by 24%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kaplan Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Minford Associates Housing Development Fund Corporation ($228k), Adirondack Vets House Inc ($228k) and McKinley IV Inc ($228k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $27k. At year end it held assets of $728k against liabilities of $19k, net assets of $709k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.