Housing Works

Analysis

Housing Works is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2004, 22 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 2023, Housing Works reported income of $6.2m and spending of $4.9m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $6.2m (+99%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Works sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Menorah Park ($6.2m), Methodist Retirement Communities ($6.2m) and West End Residences HDFC Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (2.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.0m against liabilities of $357k, net assets of $3.7m. It reported 61 employees.