Pasadena Interfaith Housing Foundation Inc

Analysis

Pasadena Interfaith Housing Foundation Inc is a registered charity in United States, based in Pasadena, TX. It received its IRS tax-exemption ruling in September 1980, 46 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 June 2023, Pasadena Interfaith Housing Foundation Inc reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $1.9m (+6.7%), an average of +2.2% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pasadena Interfaith Housing Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Scott Hill Incorporated ($1.9m), Caring Hands AFC LLC ($1.9m) and Episcopal Diocesan Housing Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. At year end it held assets of $2.8m against liabilities of $6.0m, net assets of -$3.2m.