Housing Benefits

Analysis

Housing Benefits is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, Housing Benefits reported income of $5.2m and spending of $5.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.2m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Benefits sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NH. Charities of a similar size with the same main cause include Shepherds Gate ($5.2m), Fuel Fund of Central MD Inc ($5.2m) and Affordable Housing Resources Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Other salaries and wages came to $788k. At year end it held assets of $27.4m against liabilities of $19.9m, net assets of $7.5m. It reported 31 employees.

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.