Low Income Housing Institute

Analysis

Low Income Housing Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1997, 29 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, Low Income Housing Institute reported income of $129.3m and spending of $76.6m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.0m to $129.3m (+201%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Low Income Housing Institute sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include New England Center for Children Inc ($129.2m), Arctic Slope Native Association Ltd ($129.3m) and The Research Institute of the McGill University Health Centre ($127.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $411.0m against liabilities of $236.0m, net assets of $175.0m. It reported 673 employees.