Preservation Housing Partners

Analysis

Preservation Housing Partners is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in June 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, Preservation Housing Partners reported income of $3.2m and spending of $3.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.2m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preservation Housing Partners sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include New Hope Development Services Inc ($3.2m), House of Hope Community Development Corporation ($3.2m) and Missing Middle Housing Fund ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 42% of the total. Other salaries and wages came to $715k. At year end it held assets of $17.3m against liabilities of $9.6m, net assets of $7.7m. It reported 3 employees.