Housing Services Incorporated

Analysis

Housing Services Incorporated is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in September 2017, 9 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, Housing Services Incorporated reported income of $352k and spending of $114k, leaving 68% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income fell from $384k to $352k (-8.4%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 2764%. 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 Services Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Adkins Village Non Profit Housing Corporation ($352k), 70 Audubon Street Association Inc ($352k) and Legacy Impact Capital ($352k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 17% of the total. At year end it held assets of $518k against liabilities of $17k, net assets of $501k.