Housing America Corporation

Analysis

Housing America Corporation is a registered charity in United States, based in Somerton, AZ. It received its IRS tax-exemption ruling in June 1976, 50 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 March 2023, Housing America Corporation reported income of $3.6m and spending of $2.5m, leaving 29% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.6m to $3.6m (+36%), an average of +11% a year. The sharpest change came in the year to March 2021, when income rose by 18%. 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, Housing America Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Renewal Housing Inc ($3.6m), Northaven Inc ($3.6m) and Residences at Wood Street ($3.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $910k. At year end it held assets of $10.1m against liabilities of $2.4m, net assets of $7.7m. It reported 28 employees.