Peckham Housing Corporation II

Analysis

Peckham Housing Corporation II is a registered charity in United States, based in Bingham Farms, MI. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Peckham Housing Corporation II reported income of $295k and spending of $335k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $257k to $295k (+15%), an average of +3.5% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peckham Housing Corporation II sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Little Rock Supportive Housing Inc ($295k), Nhhi-Bloomington Barrier Free Housing Corp ($295k) and Totah Foundation ($295k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $542k against liabilities of $1.0m, net assets of -$504k.

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.