Independent Housing Resources East Inc

Analysis

Independent Housing Resources East Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Independent Housing Resources East Inc reported income of $325k and spending of $367k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $325k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Housing Resources East Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Hancock Manor Corporation ($325k), Mercy Bond Properties Nebraska I ($325k) and T a Initiative ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $12k. At year end it held assets of $719k against liabilities of $1.0m, net assets of -$308k.

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.