Poston Housing Inc

Analysis

Poston Housing Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Poston Housing Inc reported income of $468k and spending of $557k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $468k (+17%), an average of +4.1% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poston Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Search Inside Yourself Leadership Institute ($468k), Bair Lake Bible Camp ($468k) and National Church Residences of Baltimore Ohio ($468k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $94k. At year end it held assets of $1.8m against liabilities of $47k, 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.