Hyde Park 811 Housing Corporationinc

Analysis

Hyde Park 811 Housing Corporationinc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 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 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, Hyde Park 811 Housing Corporationinc reported income of $124k and spending of $244k, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $124k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hyde Park 811 Housing Corporationinc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within MO. Charities of a similar size with the same main cause include Long Ranch ($124k), Palmetto Housing Corporation ($124k) and Advocates Alliance Vernon St Corporation ($124k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.5m against liabilities of $27k, net assets of $1.5m.

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.