Inglis Housing Corporation

Analysis

Inglis Housing Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Inglis Housing Corporation reported income of $695k and spending of $2.7m, spending 382% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $586k to $695k (+19%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 229% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Inglis Housing Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include East One Thirty Eighth Housing Development Fund Company Inc ($695k), Allen Temple Housing Corporation ($695k) and Tree House Senior Apartments Inc ($695k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $50k (1.9% of expenses). Other salaries and wages came to $344k. At year end it held assets of $10.2m against liabilities of $9.4m, net assets of $765k. It reported 28 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.