Partnership Housing Inc

Analysis

Partnership Housing Inc is a registered charity in United States, based in Booneville, KY. It received its IRS tax-exemption ruling in January 2006, 20 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 2023, Partnership Housing Inc reported income of $2.7m and spending of $2.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 170%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partnership Housing Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Woodland Ridge Senior Living Inc ($2.7m), Interfaith Homes of Kalamazoo Inc ($2.7m) and Foundation for Affordable Housing V Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $99k. At year end it held assets of $7.5m against liabilities of $4.1m, net assets of $3.3m. It reported 2 employees.