Partnership Homes Inc

Analysis

Partnership Homes Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 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 2022, Partnership Homes Inc reported income of $1.1m and spending of $1.2m, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $478k to $1.1m (+121%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partnership Homes Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Robert L Walker House Corporation ($1.1m), 640 Columbus Investments Inc ($1.1m) and Washington House Housing Development Fund Corporation ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 102% of the total. At year end it held assets of $10.0m against liabilities of $9.6m, net assets of $351k.

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.