Piedmont Housing Alliance Incorporated

Analysis

Piedmont Housing Alliance Incorporated is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in February 1985, 41 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, Piedmont Housing Alliance Incorporated reported income of $5.9m and spending of $5.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.9m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Piedmont Housing Alliance Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include House of David Preservation Inc ($5.9m), Life Remodeled-A Nonprofit Corporation ($5.9m) and Northwestern Housing Enterprises Incorporated ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $414k (7.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $42.2m against liabilities of $17.5m, net assets of $24.7m. It reported 72 employees.