Housing Transitions Inc

Analysis

Housing Transitions Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in November 1984, 42 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, Housing Transitions Inc reported income of $1.7m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Transitions Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Bluefield Manor Housing Inc ($1.7m), Derose HDC Inc ($1.7m) and St Pauls Retirement Homes Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $68k (4.3% of expenses). Other salaries and wages came to $560k. At year end it held assets of $799k against liabilities of $129k, net assets of $670k. It reported 32 employees.