Housing Preservation Corporation

Analysis

Housing Preservation Corporation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 1993, 33 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 December 2023, Housing Preservation Corporation reported income of $69k and spending of $4,568, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $69k (+370%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Preservation Corporation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Josiah Place Inc ($69k), Oakland Estates Apartments Inc ($69k) and Im-Possible Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 3.7% of the total. At year end it held assets of $553k against liabilities of $180, net assets of $553k.