Housing Partnership Ventures Inc

Analysis

Housing Partnership Ventures Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing Partnership Ventures Inc reported income of $207k and spending of $9,223, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $207k (+227%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partnership Ventures Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include St Katharine Drexel Manor Inc ($207k), Alliance Good Samaritan Housing Inc ($207k) and Central Park Senior Residences Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $6.0m against liabilities of $1.9m, net assets of $4.1m.