Housing with Heart Inc

Analysis

Housing with Heart Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing with Heart Inc reported income of $4.8m and spending of $5.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.8m (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing with Heart Inc 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include The Center in Hollywood ($4.8m), Childrens Aid Home and Society of Somerset County ($4.8m) and Support Management ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of -$41k.