Idaho Housing Foundation Inc

Analysis

Idaho Housing Foundation Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in April 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Idaho Housing Foundation Inc reported income of $3.0m and spending of $1.7m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $100k to $3.0m (+2909%), an average of +134% a year. The sharpest change came in the year to June 2020, when income rose by 1700%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Idaho Housing Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within ID. Charities of a similar size with the same main cause include Drake House Inc ($3.0m), Housing for New Hope Inc ($3.0m) and East Carolina Community Development Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $111k. It paid $139k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $44k, net assets of $2.7m.