Amistad Housing Development Corporation

Analysis

Amistad Housing Development Corporation is a registered charity in United States, based in Hereford, TX. It received its IRS tax-exemption ruling in November 2016, 10 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 August 2021, Amistad Housing Development Corporation reported income of $354k and spending of $381k, spending 108% of what it took in. Across the 3 years on record, from August 2019 to August 2021, income grew from $349k to $354k (+1.5%), an average of +0.8% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Amistad Housing Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Nehemiah Program ($354k), L W Fraser Independent Living Project Inc ($354k) and Tremont Place Housing Corporation ($354k).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $37k (9.8% of expenses). Other salaries and wages came to $73k. At year end it held assets of $1.0m against liabilities of $246k, net assets of $794k. It reported 3 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.