Housing Independence Inc

Analysis

Housing Independence Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Independence Inc reported income of $1.1m and spending of $855k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $1.1m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Independence Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Community of Bosniaks Georgia Inc ($1.1m), Wayne County Protective Agency Inc ($1.1m) and Adapt Movement Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $633k. At year end it held assets of $404k against liabilities of $12k, net assets of $392k. It reported 24 employees.