Hartville Innovative Housing Solutions Inc

Analysis

Hartville Innovative Housing Solutions Inc is a registered charity in United States, based in Louisville, OH. It received its IRS tax-exemption ruling in February 2006, 20 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 December 2023, Hartville Innovative Housing Solutions Inc reported income of $79k and spending of $95k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $79k (+17%), an average of +4.0% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hartville Innovative Housing Solutions Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include LSS Housing Waukesha Hickory Flats Inc ($79k), Lifetime Community Service Inc ($79k) and Wellington Homes for Elderly Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $142k, net assets of $981k.

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.