Partnership Housing of Southwest Alabama

Analysis

Partnership Housing of Southwest Alabama is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in May 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, Partnership Housing of Southwest Alabama reported income of $296k and spending of $401k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $444k to $296k (-33%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partnership Housing of Southwest Alabama sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Norma Locklear-Pitts Senior Community Inc ($296k), Friendship Plaza I Inc ($296k) and Lake Senior Housing Corporation ($296k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $19k (4.6% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.5m against liabilities of $85k, net assets of $1.4m. It reported 3 employees.