Pentecostal Holiness Church Housing Corporation

Analysis

Pentecostal Holiness Church Housing Corporation is a registered charity in United States, based in Saint Albans, WV. It received its IRS tax-exemption ruling in August 1979, 47 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 August 2023, Pentecostal Holiness Church Housing Corporation reported income of $600k and spending of $770k, spending 128% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income fell from $730k to $600k (-18%), an average of -6.3% a year. The sharpest change came in the year to August 2023, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pentecostal Holiness Church Housing Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within WV. Charities of a similar size with the same main cause include Sandhurst Community Capital ($600k), Pine Grove Housing Development Corporation ($600k) and Gateway Housing Corporation ($600k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $292k. At year end it held assets of $1.1m against liabilities of $62k, net assets of $1.0m. It reported 10 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.