House of David Preservation Inc

Analysis

House of David Preservation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2014, 12 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, House of David Preservation Inc reported income of $5.9m and spending of $6.6m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $5.9m (+197%), an average of +31% a year. The sharpest change came in the year to September 2020, when income rose by 214%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of David Preservation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 82nd percentile within DC. Charities of a similar size with the same main cause include Northwestern Housing Enterprises Incorporated ($5.9m), Piedmont Housing Alliance Incorporated ($5.9m) and C-Hp Cove Inc ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $32k (0.5% of expenses). Other salaries and wages came to $901k. At year end it held assets of $50.8m against liabilities of $40.2m, net assets of $10.5m. It reported 36 employees.