Housing Initiative Partnership Inc

Analysis

Housing Initiative Partnership Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in July 1989, 37 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 Initiative Partnership Inc reported income of $3.8m and spending of $3.8m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $3.8m (+3.5%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Initiative Partnership Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Salt and Light Works ($3.8m), Hearth Inc ($3.8m) and Alliance Housing Incorporated ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 117% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $314k (8.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.5m against liabilities of $3.6m, net assets of $2.9m. It reported 34 employees.