Heritage Health and Housing Inc

Analysis

Heritage Health and Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1971, 55 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 June 2023, Heritage Health and Housing Inc reported income of $14.0m and spending of $14.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.7m to $14.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heritage Health and Housing Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Families First Inc ($14.0m), Kinnect ($14.0m) and Renaissance Community Homes ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $7.1m (50% of expenses). At year end it held assets of $7.8m against liabilities of $13.4m, net assets of -$5.7m. It reported 96 employees.