Housing Plus Inc

Analysis

Housing Plus Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2019, 7 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 2024, Housing Plus Inc reported income of $585k and spending of $669k, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $809k to $585k (-28%), an average of -6.3% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Plus Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include LA Colonia Apartments Inc ($585k), Mother Theodore Corporation II ($585k) and Florida Elderly Housing Inc ($584k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $91k. At year end it held assets of $184k against liabilities of $0, net assets of $184k. It reported 3 employees.