Housing Counseling Services Inc

Analysis

Housing Counseling Services Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1973, 53 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, Housing Counseling Services Inc reported income of $30.6m and spending of $31.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $30.6m (+196%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Counseling Services Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include American Youth Hostels Inc ($30.6m), Ozark Tri-County Health Care Consortium ($30.7m) and Housing Initiatives of New England ($30.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $199k (0.6% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $6.7m against liabilities of $2.8m, net assets of $3.8m. It reported 127 employees.