Pittsburgh Housing Development Corporation

Analysis

Pittsburgh Housing Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1995, 31 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, Pittsburgh Housing Development Corporation reported income of $1.5m and spending of $100k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $1.5m (+445%), an average of +53% a year. The sharpest change came in the year to December 2022, when income dropped by 139%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pittsburgh Housing Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Almond Court Inc ($1.5m), Haddonfield Housing Agency ($1.5m) and Lutheran Development Group Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8.5m against liabilities of $4.4m, net assets of $4.1m.