Huntington Housing Inc

Analysis

Huntington Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2021, Huntington Housing Inc reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income fell from $3.1m to $2.1m (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Huntington Housing Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Shelter America Group ($2.1m), Hanac Spiti Management Company Inc ($2.1m) and Habitat for Humanity International ($2.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $67k. At year end it held assets of $7.5m against liabilities of $12.4m, net assets of -$5.0m.

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.