Independent Housing Advocates Inc

Analysis

Independent Housing Advocates Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, Independent Housing Advocates Inc reported income of $245k and spending of $268k, spending 109% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $200k to $245k (+23%), an average of +5.2% a year. The sharpest change came in the year to January 2023, when income rose by 33%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Housing Advocates Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Autumn Glow Alzheimers Care Home Inc ($245k), PDX Saints Love ($245k) and Connections Ministry Inc ($245k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $51k (19% of expenses). At year end it held assets of $652k against liabilities of $1.4m, net assets of -$754k.

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.