Stovall Housing Corporation

Analysis

Stovall Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 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 June 2024, Stovall Housing Corporation reported income of $2.2m and spending of $1.3m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.5m to $2.2m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stovall Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Housing Solutions for the Southwest Inc ($2.2m), Homes Build Hope Inc ($2.2m) and Neighborhood Housing Services of Rochester Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 17% of the total. At year end it held assets of $7.2m against liabilities of $4.4m, net assets of $2.8m.