Housing Resources Inc

Analysis

Housing Resources Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1992, 34 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 Resources Inc reported income of $2.8m and spending of $3.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.8m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Resources 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 89th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Building Performance Institute Inc ($2.8m), Minnesota Chamber Environmental Sustainability Foundation ($2.8m) and Neighborhood Lending Services Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $159k (5.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.8m against liabilities of $700k, net assets of $1.1m. It reported 35 employees.