Housing Industry Foundation

Analysis

Housing Industry Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Housing Industry Foundation reported income of $3.6m and spending of $3.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.6m (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Industry Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include The Council for Canadian American Relations Inc ($3.6m), Ronald McDonald House of Dallas Inc ($3.6m) and Brookdale Family Care Centers Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $202k (6.1% of expenses). Other salaries and wages came to $499k. At year end it held assets of $1.6m against liabilities of $15k, net assets of $1.6m. It reported 9 employees.