Housing Partnership Inc

Analysis

Housing Partnership Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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, Housing Partnership Inc reported income of $12.1m and spending of $10.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $12.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Partnership Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Mental Health America Inc ($12.1m), Therapeutic Learning Center ($12.1m) and Hilltown Community Health Centers Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $557k (5.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $41.1m against liabilities of $29.3m, net assets of $11.7m. It reported 45 employees.