Texas Housing Association

Analysis

Texas Housing Association is a registered charity in United States, based in Cleburne, TX. It received its IRS tax-exemption ruling in April 1992, 34 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 September 2023, Texas Housing Association reported income of $666k and spending of $671k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $578k to $666k (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2020, when income dropped by 44%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Texas Housing Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include New Hope Community Development Corporation ($666k), Two Rivers Council Foundation ($666k) and Acadia Housing Inc ($665k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $170k. At year end it held assets of $235k against liabilities of $5,354, net assets of $229k. It reported 2 employees.

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.