Cook Inlet Housing Development Corp

Analysis

Cook Inlet Housing Development Corp is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1985, 41 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, Cook Inlet Housing Development Corp reported income of $8.8m and spending of $15.1m, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $8.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cook Inlet Housing Development Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within AK. Charities of a similar size with the same main cause include North Coast Energy Services Incorporated ($8.8m), The Primavera Foundation Inc ($8.8m) and Habitat for Humanity of Greater Fort Wayne Inc ($8.8m).

Other salaries and wages came to $1.5m. At year end it held assets of $135.8m against liabilities of $100.8m, net assets of $35.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.