The House Inc

Analysis

The House Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. 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 2022, The House Inc reported income of $4.3m and spending of $4.5m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.1m to $4.3m (+107%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Christiana Fire Company ($4.3m), Lake Ann Baptist Camp Inc ($4.3m) and Community Reach Center Foundation Inc ($4.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $498k (11% of expenses). Other salaries and wages came to $425k. At year end it held assets of $1.6m against liabilities of $201k, net assets of $1.4m. It reported 11 employees.