Pha Housing Development Ltd

Analysis

Pha Housing Development Ltd is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pha Housing Development Ltd reported income of $752k and spending of $500k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $752k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pha Housing Development Ltd sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within NH. Charities of a similar size with the same main cause include Hogar Colinas Verdes Inc ($752k), Spero Housing Group ($752k) and Sherrill-Kenwood Community Retirement Housing Corporation ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 29% of the total. At year end it held assets of $11.0m against liabilities of $1.1m, net assets of $9.8m.