Leeway-Putnam Housing Corp

Analysis

Leeway-Putnam Housing Corp is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in October 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 September 2023, Leeway-Putnam Housing Corp reported income of $301k and spending of $476k, spending 158% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $259k to $301k (+16%), an average of +3.8% a year. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leeway-Putnam Housing Corp sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Bethel Foundation ($301k), Mike Foye Home Inc ($301k) and American Housing Preservation Corporation ($301k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $57k. At year end it held assets of $3.0m against liabilities of $5.2m, net assets of -$2.1m.

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.