Hbhci Hud 7 Inc

Analysis

Hbhci Hud 7 Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in March 2000, 26 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, Hbhci Hud 7 Inc reported income of $121k and spending of $132k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $121k (+17%), an average of +4.0% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hbhci Hud 7 Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Wilshire Drive Inc ($121k), Heritage Village of Paris Inc ($121k) and Ken-Crest Housing Pa 2010 Inc ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $25k. At year end it held assets of $594k against liabilities of $30k, net assets of $564k.

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.