Housing Partners I Incorporated

Analysis

Housing Partners I Incorporated is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in May 1993, 33 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, Housing Partners I Incorporated reported income of $7.4m and spending of $6.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.6m to $7.4m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partners I Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Greenway Presbyterian Apartments Inc ($7.4m), Everglades Community Association Incorporated ($7.4m) and Ocean State Assisted Living ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $182k (2.8% of expenses). Other salaries and wages came to $738k. At year end it held assets of $31.7m against liabilities of $13.5m, net assets of $18.2m. It reported 5 employees.