Hands Triad Housing Inc

Analysis

Hands Triad Housing Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in May 1994, 32 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 September 2023, Hands Triad Housing Inc reported income of $130k and spending of $168k, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $130k to $130k (+0.5%), an average of +0.1% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hands Triad Housing Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Leo R Tanguay Apartments Inc ($130k), West Mountain Regional Housing Coalition ($130k) and Pecan Valley Apartments Inc ($130k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $548k against liabilities of $974k, net assets of -$426k.

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.