Eddies House Incorporated

Analysis

Eddies House Incorporated is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2008, 18 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, Eddies House Incorporated reported income of $1.3m and spending of $1.3m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $411k to $1.3m (+205%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 265%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eddies House Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Urban Vision Alliance ($1.2m), Lenawee Emergency and Affordable Housing Corp ($1.3m) and Hudson House Housing Development Fund Company Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $620k (48% of expenses). Other salaries and wages came to $231k. At year end it held assets of $261k against liabilities of $225k, net assets of $36k. It reported 29 employees.