Housing and Services Inc

Analysis

Housing and Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1976, 50 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 and Services Inc reported income of $9.4m and spending of $10.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $9.4m (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Lake View Towers Residents Association Inc ($9.4m), Shelterhouse Volunteer Group ($9.4m) and Habitat for Humanity International Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $870k (8.3% of expenses). Other salaries and wages came to $601k. At year end it held assets of $19.6m against liabilities of $24.4m, net assets of -$4.8m. It reported 78 employees.