Phenix City Housing Development Holdings Inc

Analysis

Phenix City Housing Development Holdings Inc is a registered charity in United States, based in Phenix City, AL. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, Phenix City Housing Development Holdings Inc reported income of $1.2m and spending of $162k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.2m (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 9.2% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Phenix City Housing Development Holdings Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Volunteers of America Inc ($1.2m), Rural Housing for the Elderly ($1.2m) and Magnolia Housing Inc ($1.2m).

At year end it held assets of $9.7m against liabilities of $110k, net assets of $9.6m.