Pemberton Place Housing Corporation

Analysis

Pemberton Place Housing Corporation is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 1990, 36 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, Pemberton Place Housing Corporation reported income of $209k and spending of $197k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $209k (+0.3%), an average of +0.1% a year. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pemberton Place Housing Corporation sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include Sapphire Homes Inc ($209k), Monhegan Island Sustainable Community Association ($210k) and Mac Housing Development Fund Company Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $662k against liabilities of $370k, net assets of $291k.