The Housing Partnership Network Inc

Analysis

The Housing Partnership Network Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1993, 33 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 Housing Partnership Network Inc reported income of $28.4m and spending of $18.9m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.3m to $28.4m (+114%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Housing Partnership Network Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Montgomery Housing Partnership Inc ($28.4m), Habitat for Humanity of Lee & Hendry Counties Inc ($28.8m) and Turning Point Inc ($28.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $2.0m (10% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $48.9m against liabilities of $29.3m, net assets of $19.6m. It reported 52 employees.