Housing and Community Services Inc

Analysis

Housing and Community Services Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 2002, 24 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, Housing and Community Services Inc reported income of $25.5m and spending of $18.2m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to December 2023, income grew from $11.9m to $25.5m (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 188%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Community Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Community Solutions International Inc ($25.5m), Kinneret II Inc ($25.5m) and Mission Action Inc ($25.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $457k (2.5% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $120.6m against liabilities of $35.2m, net assets of $85.4m.