Housing Partnership of Chester County Inc

Analysis

Housing Partnership of Chester County Inc is a registered charity in United States, based in Downingtown, PA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Housing Partnership of Chester County Inc reported income of $756k and spending of $857k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $756k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Partnership of Chester County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Whitinsville Retirement Society Inc ($756k), Symphony of the Mountains ($756k) and St Peters Athletic Association Corporation ($756k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $105k (12% of expenses). Other salaries and wages came to $198k. At year end it held assets of $3.3m against liabilities of $3.0m, net assets of $391k. It reported 5 employees.