Peoples Housing Inc

Analysis

Peoples Housing Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 2015, 11 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 2022, Peoples Housing Inc reported income of $644k and spending of $681k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $404k to $644k (+59%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 589%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peoples Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within LA. Charities of a similar size with the same main cause include Audrain County Shelter Resource Coalition ($644k), Hillside Elderly Housing Inc ($645k) and 1330 Morris Avenue Housing Development Fund Corp ($644k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $142k (21% of expenses). Other salaries and wages came to $206k. At year end it held assets of $3.8m against liabilities of $2.6m, net assets of $1.2m. It reported 4 employees.