Heritage Housing Partners Corporation

Analysis

Heritage Housing Partners Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 2017, 9 years ago. 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 December 2023, Heritage Housing Partners Corporation reported income of $674k and spending of $925k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $726k to $674k (-7.2%), an average of -1.9% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Housing Partners Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Association for Continuing Education ($674k), Taylor North Little League ($674k) and Fort Hays Tech North Central Foundation ($674k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 121% of the total. Compensation of current officers, directors and key employees was $98k (11% of expenses). Other salaries and wages came to $169k. At year end it held assets of $11.3m against liabilities of $3.8m, net assets of $7.6m. It reported 9 employees.