Housing Assistance Management Enterprise

Analysis

Housing Assistance Management Enterprise is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing Assistance Management Enterprise reported income of $2.9m and spending of $2.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.8m to $2.9m (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Housing Assistance Management Enterprise 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 89th percentile, and in the 87th percentile within UT. Charities of a similar size with the same main cause include Alaska Joint Electrical Apprenticeship and Training Trust ($2.9m), Central Missouri Subcontracting Enterprises ($2.9m) and Logan Heights Community Development Corporation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 63% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $27.0m against liabilities of $5.7m, net assets of $21.3m.