People United for Sustainable Housing Incorporated

Analysis

People United for Sustainable Housing Incorporated is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, People United for Sustainable Housing Incorporated reported income of $4.6m and spending of $5.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.6m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, People United for Sustainable Housing Incorporated 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Eastern Connecticut Housing Opportunities Inc ($4.6m), Passage Home Inc ($4.6m) and Hope Communities Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $103k (2.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.8m against liabilities of $5.4m, net assets of -$627k. It reported 41 employees.

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.