Better Housing Foundation

Analysis

Better Housing Foundation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in September 2013, 13 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, Better Housing Foundation reported income of $1.1m and spending of $363k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Better Housing Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Corinthian Square Senior Citizen Housing Corp ($1.1m), Lutheran Properties Inc ($1.1m) and Greenville Housing Development Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $3.2m against liabilities of $2.7m, net assets of $591k.