United Housing Inc

Analysis

United Housing Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1999, 27 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, United Housing Inc reported income of $8.6m and spending of $7.3m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.4m to $8.6m (+17%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Housing Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Hibiscus Childrens Center Inc ($8.6m), Belmont Housing Resources for Wny Inc ($8.6m) and Serenity House of Clallam County ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $96k (1.3% of expenses). Other salaries and wages came to $681k. At year end it held assets of $15.3m against liabilities of $4.3m, net assets of $11.0m. It reported 17 employees.