Hershey Housing

Analysis

Hershey Housing is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hershey Housing reported income of $365k and spending of $368k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $304k to $365k (+20%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hershey Housing sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Shelters Right Hand ($365k), Family Promise of the Capital Region Inc ($365k) and Amani Project Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (29% of expenses). Other salaries and wages came to $177k. At year end it held assets of $2,720 against liabilities of $7,323, net assets of -$4,603. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.