Partners in Housing Development Corporation

Analysis

Partners in Housing Development Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1994, 32 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, Partners in Housing Development Corporation reported income of $2.2m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $2.2m (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partners in Housing Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.2m), Affordable Housing Connections ($2.2m) and Odyssey Housing Development Fund Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 143% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $147k (6.3% of expenses). Other salaries and wages came to $873k. At year end it held assets of $18.6m against liabilities of $2.4m, net assets of $16.2m. It reported 14 employees.