Hace Management Company

Analysis

Hace Management Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2023, Hace Management Company reported income of $354k and spending of $304k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $288k to $354k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hace Management Company sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include St George Cathedral Manor ($354k), Angel Housing Solutions ($354k) and Acadia Elderly Housing Development Corporation II ($354k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $175k. At year end it held assets of $939k against liabilities of $383k, net assets of $556k. It reported 24 employees.