Housing Ventures Inc

Analysis

Housing Ventures Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 2000, 26 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, Housing Ventures Inc reported income of $1.3m and spending of $1.7m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Ventures Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Homestead Affordable Housing Inc ($1.3m), Walton Avenue Senior Housing Development Fund Company Inc ($1.3m) and Oak City Cares Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $157k. At year end it held assets of $1.2m against liabilities of $134k, net assets of $1.0m.