Housing Partnerships Inc

Analysis

Housing Partnerships Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in October 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Partnerships Inc reported income of $497k and spending of $572k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $446k to $497k (+11%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partnerships Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Wesley Jackson Highlands Inc ($497k), Beth Sholom Assisted Living ($497k) and Santa Cruz Hostel Society ($497k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $117k. At year end it held assets of $622k against liabilities of $292k, net assets of $330k. It reported 4 employees.

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.