Housing Reinvestment Corporation of America

Analysis

Housing Reinvestment Corporation of America is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2017, 9 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, Housing Reinvestment Corporation of America reported income of $500k and spending of $459k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $484k to $500k (+3.3%), an average of +3.3% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Reinvestment Corporation of America sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 43rd percentile within DC. Charities of a similar size with the same main cause include Guam Facilities Foundation Inc ($500k), Tolland Senior Housing Inc ($500k) and Gamelin Association ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $1.1m against liabilities of $1.0m, net assets of $43k.