Ponce Neighborhood Housing Services Inc

Analysis

Ponce Neighborhood Housing Services Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in December 1994, 32 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 September 2023, Ponce Neighborhood Housing Services Inc reported income of $2.4m and spending of $2.7m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $718k to $2.4m (+240%), an average of +36% a year. The sharpest change came in the year to September 2022, when income rose by 103%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ponce Neighborhood Housing Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 82nd percentile within PR. Charities of a similar size with the same main cause include Bloomfield Senior Citizens Housing Corp Felicity Towers ($2.4m), San Lorenzo Ruiz Center Inc ($2.4m) and Daniel Pitino Shelter Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $322k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.3m against liabilities of $122k, net assets of $3.1m. It reported 38 employees.