Housing Plus Solutions Inc

Analysis

Housing Plus Solutions Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2023, Housing Plus Solutions Inc reported income of $13.4m and spending of $13.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $13.4m (+119%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Plus Solutions 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 94th percentile within NY. Charities of a similar size with the same main cause include Contra Costa Interfaith Transitional Housing Inc ($13.4m), Partnership Inc ($13.5m) and City of Lakes Community Land Trust ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $434k (3.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $10.9m against liabilities of $9.6m, net assets of $1.3m. It reported 82 employees.