Peninsula Housing Development Inc Xvii

Analysis

Peninsula Housing Development Inc Xvii is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Peninsula Housing Development Inc Xvii reported income of $529k and spending of $850k, spending 161% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $461k to $529k (+15%), an average of +3.5% a year. The sharpest change came in the year to March 2022, when income rose by 25%. Over the whole period it spent 157% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peninsula Housing Development Inc Xvii 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 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Hesed House of Wharton ($529k), Knowledge Futures ($529k) and Cheshire Fair Assoc Inc ($529k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $90k. At year end it held assets of $9.2m against liabilities of $13.2m, net assets of -$4.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.