HH Ownership Inc

Analysis

HH Ownership Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in November 2003, 23 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 June 2023, HH Ownership Inc reported income of $62k and spending of $74k, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $48k to $62k (+30%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HH Ownership Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NH. Charities of a similar size with the same main cause include Locust Thirteen Inc ($62k), Roseland Place NFP ($62k) and Summit Apartments Inc ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $269k against liabilities of $534k, net assets of -$265k.

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.