Independence Hall Mutual Housing Association

Analysis

Independence Hall Mutual Housing Association is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1999, 27 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 December 2023, Independence Hall Mutual Housing Association reported income of $1.4m and spending of $1.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+8.2%), an average of +2.0% a year. 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, Independence Hall Mutual Housing Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Belmont Boulevard II Housing Development Fund Corporation ($1.4m), Take Up the Cause ($1.4m) and Loyal Heights Manor ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $315k. At year end it held assets of $822k against liabilities of $1.2m, net assets of -$331k. It reported 10 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.