Petra Community Housing

Analysis

Petra Community Housing is a registered charity in United States, based in Spring City, PA. It received its IRS tax-exemption ruling in September 1995, 31 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 September 2023, Petra Community Housing reported income of $305k and spending of $164k, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $615k to $305k (-50%), an average of -16% a year. The sharpest change came in the year to September 2021, when income dropped by 56%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Petra Community Housing sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Lone Pine Economic Development Corporation ($305k), Dickinson Iron Non Profit Housing Corp ($305k) and Robbins Way Senior Housing ($305k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 78% of the total. Other salaries and wages came to $91k. At year end it held assets of $2.8m against liabilities of $212k, net assets of $2.6m. It reported 14 employees.