Presbyterian Housing Corp

Analysis

Presbyterian Housing Corp is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1980, 46 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 July 2023, Presbyterian Housing Corp reported income of $228k and spending of $212k, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $5.6m to $228k (-96%), an average of -55% a year. The sharpest change came in the year to July 2022, when income rose by 144%. Over the whole period it spent 23% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian Housing Corp sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Laurelton Nonprofit Housing Corporation ($227k), Chariton Valley Regional Housing Trust Fund Inc ($228k) and Dreams 4 All Foundation ($227k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% and program service revenue 25% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.0m against liabilities of $869k, net assets of $167k.