Hbhci Hud 8 Inc

Analysis

Hbhci Hud 8 Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Hbhci Hud 8 Inc reported income of $147k and spending of $172k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $141k to $147k (+3.9%), an average of +1.0% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hbhci Hud 8 Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Lasker Village Apartments ($147k), St Nicholas Charities Inc ($147k) and Idaho Affordable Housing Management Association ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $34k. At year end it held assets of $937k against liabilities of $122k, net assets of $815k.

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.