Harvard Supportive Housing Inc

Analysis

Harvard Supportive Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2024, Harvard Supportive Housing Inc reported income of $176k and spending of $245k, spending 139% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $142k to $176k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harvard Supportive Housing Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Ken-Crest Housing Pa 2001 Inc ($176k), Community Housing of Little Rock Inc ($176k) and Original Town of Liberal Revitalization Inc ($175k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $58k. At year end it held assets of $2.4m against liabilities of $691k, net assets of $1.7m.

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.