Housing Connector

Analysis

Housing Connector is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 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 August 2023, Housing Connector reported income of $5.2m and spending of $5.8m, spending 111% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $1.3m to $5.2m (+297%), an average of +99% a year. The sharpest change came in the year to August 2022, when income rose by 219%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Connector sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($5.2m), Affordable Housing Resources Inc ($5.2m) and Abh Development Corp ($5.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $212k (3.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.2m against liabilities of $119k, net assets of $2.1m.