Housing Rights Initiative

Analysis

Housing Rights Initiative is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2016, 10 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 February 2024, Housing Rights Initiative reported income of $958k and spending of $687k, leaving 28% of income unspent that year. Across the 4 years on record, from February 2020 to February 2024, income grew from $414k to $958k (+132%), an average of +32% a year. The sharpest change came in the year to February 2022, when income rose by 76%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Rights Initiative sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Kidron Inc ($957k), Restoration Ranch of Ohio Inc ($958k) and Telacu Housing-Moreno Valley Inc ($957k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $151k (22% of expenses). Other salaries and wages came to $289k. At year end it held assets of $1.1m against liabilities of $9,240, net assets of $1.1m. It reported 6 employees.