Housing Partnerships Inc

Analysis

Housing Partnerships Inc is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in October 1990, 36 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 Partnerships Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partnerships Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include St Therese Plaza Inc ($1.2m), Habitat for Humanity International Inc ($1.2m) and Big Cypress Housing Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $43k (3.0% of expenses). Other salaries and wages came to $262k. At year end it held assets of $4.7m against liabilities of $2.0m, net assets of $2.7m. It reported 13 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.