Housing Works Services Inc

Analysis

Housing Works Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Works Services Inc reported income of $4.5m and spending of $5.3m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.9m to $4.5m (-24%), an average of -6.5% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Works Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Rental Assistance Corporation of Buffalo ($4.5m), Mason Wright Senior Living Inc ($4.5m) and East Palo Alto Community Alliance & Neighborhood Development Organ ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. At year end it held assets of $1.6m against liabilities of $8.3m, net assets of -$6.6m.

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.