Partnership for Housing Affordability

Analysis

Partnership for Housing Affordability is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Partnership for Housing Affordability reported income of $1.4m and spending of $766k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $953k to $1.4m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership for Housing Affordability sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Flex High School of Cleveland Inc ($1.4m), Invest in Education Foundation Inc ($1.4m) and Hca Building Company ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $373k. At year end it held assets of $2.0m against liabilities of $180k, net assets of $1.8m.