Network Housing 94 Petzinger Inc

Analysis

Network Housing 94 Petzinger Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 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, Network Housing 94 Petzinger Inc reported income of $169k and spending of $255k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $169k (+8.8%), an average of +2.1% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Network Housing 94 Petzinger Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Dallas Neighborhood Homes ($169k), Pigeon Palace Inc ($169k) and Alpha Sigma Lambda Sce Eastern Illinois University ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. At year end it held assets of $508k against liabilities of $175k, net assets of $333k.

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.