Headwaters Community Housing Trust

Analysis

Headwaters Community Housing Trust is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in November 2020, 6 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, Headwaters Community Housing Trust reported income of $12.3m and spending of $536k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $7.7m to $12.3m (+60%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 517%. Over the whole period it spent 43% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Headwaters Community Housing Trust sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within MT. Charities of a similar size with the same main cause include Newco Alp Inc ($12.3m), The Rescue Mission ($12.4m) and Holyoke Retirement Community Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $52k (9.6% of expenses). Other salaries and wages came to $102k. At year end it held assets of $29.5m against liabilities of $6.2m, net assets of $23.3m. It reported 2 employees.