Housing Corporation of Acadiana Inc

Analysis

Housing Corporation of Acadiana Inc is a registered charity in United States, based in Rayne, LA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Housing Corporation of Acadiana Inc reported income of $199k and spending of $182k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $199k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Corporation of Acadiana Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within LA. Charities of a similar size with the same main cause include Safe Alliance Foundation ($199k), Little Elm Area Food Bank ($199k) and Caring & Sharing Community Resources and Transformation Cente ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $17k. At year end it held assets of $720k against liabilities of $1.2m, net assets of -$461k.