Housing on Merit

Analysis

Housing on Merit is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2012, 14 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 on Merit reported income of $1.5m and spending of $1.9m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $1.5m (+157%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing on Merit sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include New Horizons Non Profit Apartments Inc ($1.4m), Habitat for Humanity International Inc ($1.5m) and Columbia Hills Retirement Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $424k (22% of expenses). Other salaries and wages came to $719k. At year end it held assets of $5.1m against liabilities of $4.2m, net assets of $956k. It reported 24 employees.