Homes for Iowa Inc

Analysis

Homes for Iowa Inc is a registered charity in United States, based in Anamosa, IA. It received its IRS tax-exemption ruling in July 2019, 7 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, Homes for Iowa Inc reported income of $2.0m and spending of $176k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $2.0m (+737%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 298%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Iowa Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Kamaaina Hale Apartments ($2.0m), Housing Opportunities Made Equal Inc ($2.0m) and Episcopal Church Home Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.9m against liabilities of $7,500, net assets of $2.9m.