Extended Housing Inc

Analysis

Extended Housing Inc is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in May 1984, 42 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 June 2023, Extended Housing Inc reported income of $2.8m and spending of $2.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.8m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Extended Housing Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Soar Tennessee ($2.8m), Young Mens Christian Association of the Shoals Inc ($2.8m) and Willamette Lutheran Homes Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $125k (4.4% of expenses). Other salaries and wages came to $571k. At year end it held assets of $4.9m against liabilities of $1.5m, net assets of $3.4m. It reported 29 employees.

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.