Olympic Housing Trust

Analysis

Olympic Housing Trust is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olympic Housing Trust reported income of $150k and spending of $90k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $150k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Olympic Housing Trust 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 43rd percentile within WA. Charities of a similar size with the same main cause include Commonwealth Agency Inc ($150k), Clairmont Crest Inc ($150k) and East Side Affordable Housing Development Fund Corporation ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. Compensation of current officers, directors and key employees was $2,893 (3.2% of expenses). Other salaries and wages came to $8,191. It paid $27k in professional fundraising fees. At year end it held assets of $476k against liabilities of $15k, net assets of $461k. It reported 1 employees.