Peninsula Housing Development Inc XII

Analysis

Peninsula Housing Development Inc XII is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1997, 29 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 September 2023, Peninsula Housing Development Inc XII reported income of $622k and spending of $872k, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $502k to $622k (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peninsula Housing Development Inc XII sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Paducah Ministries 1 Inc ($622k), Arcadia at Home ($623k) and Sojourners Place Inc ($622k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $83k. At year end it held assets of $3.0m against liabilities of $6.9m, net assets of -$3.9m.

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.