Bristol Bay Housing Development Corporation

Analysis

Bristol Bay Housing Development Corporation is a registered charity in United States, based in Dillingham, AK. It received its IRS tax-exemption ruling in December 2002, 24 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, Bristol Bay Housing Development Corporation reported income of $323k and spending of $403k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $323k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bristol Bay Housing Development Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within AK. Charities of a similar size with the same main cause include Caring Residential Services II Inc ($323k), Sister Helen Travis Housing Development Fund Corporation ($323k) and South Brooklyn Renewal Housing Development Fund Corporation ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.5% of the total. At year end it held assets of $2.5m against liabilities of $53k, net assets of $2.4m.