International Housing and Economic Development Corporation

Analysis

International Housing and Economic Development Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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, International Housing and Economic Development Corporation reported income of $1.8m and spending of $281k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $250k to $1.8m (+622%), an average of +622% a year. The sharpest change came in the year to December 2023, when income rose by 622%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Housing and Economic Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include United Way of Bristol Tenn Va Inc ($1.8m), Boy Scouts of America ($1.8m) and Benedictine Living Community of Wahpeton ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (39% of expenses). Other salaries and wages came to $140k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 5 employees.