Herreid Area Housing Development Inc

Analysis

Herreid Area Housing Development Inc is a registered charity in United States, based in Herreid, SD. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Herreid Area Housing Development Inc reported income of $243k and spending of $191k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $243k (+296%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 258%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Herreid Area Housing Development Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within SD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($243k), Springfield Eugene Tenant Association ($243k) and Jackson Village Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 52% of the total. At year end it held assets of $1.3m against liabilities of $1.0m, net assets of $273k.