Housing Partnership Inc

Analysis

Housing Partnership Inc is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Housing Partnership Inc reported income of $15.7m and spending of $15.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.3m to $15.7m (+52%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Partnership Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include 1260 Housing Development Corporation ($15.7m), Homeless Alliance ($15.7m) and Mercy Services for Aging Nonprofit Housing Corporation ($15.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $685k (4.4% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $17.3m against liabilities of $10.7m, net assets of $6.6m. It reported 274 employees.