Evesham Section 811 Housing Corporation

Analysis

Evesham Section 811 Housing Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2001, 25 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 June 2023, Evesham Section 811 Housing Corporation reported income of $63k and spending of $289k, spending 460% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $170k to $63k (-63%), an average of -28% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 190% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evesham Section 811 Housing Corporation sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Midway Apartments Inc ($63k), Crest View South Inc ($63k) and Emmanuel Promise of Hope Inc ($63k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.0m against liabilities of $475k, net assets of $566k.

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.