The Pelhman Corporation

Analysis

The Pelhman Corporation is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in April 1991, 35 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 December 2023, The Pelhman Corporation reported income of $6.1m and spending of $5.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $6.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Pelhman Corporation 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 92nd percentile within MA. Charities of a similar size with the same main cause include Good Shepherd Ministries of Wilmington Inc ($6.1m), Neighborhood Housing Services of Chicago Inc ($6.1m) and Habitat for Humanity International Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $473k. At year end it held assets of $10.1m against liabilities of $23.2m, net assets of -$13.1m.