Indochinese Housing Development Corporation

Analysis

Indochinese Housing Development Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indochinese Housing Development Corporation reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Indochinese Housing Development Corporation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Community of Hope ($1.5m), Haven House ($1.5m) and Country Meadow of Milaca Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $69k (4.8% of expenses). Other salaries and wages came to $346k. At year end it held assets of $3.7m against liabilities of $4.5m, net assets of -$812k. It reported 9 employees.