Heart of Iowa Regional Housing Trust Fund

Analysis

Heart of Iowa Regional Housing Trust Fund is a registered charity in United States, based in Fort Dodge, IA. It received its IRS tax-exemption ruling in November 2018, 8 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, Heart of Iowa Regional Housing Trust Fund reported income of $378k and spending of $321k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $184k to $378k (+106%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heart of Iowa Regional Housing Trust Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include Woodrow Wilson Gardens Inc ($378k), George J Leake Housing Inc ($378k) and Adam and Bruce Housing Corporation ($378k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.