Payson Regional Housing Development

Analysis

Payson Regional Housing Development is a registered charity in United States, based in Payson, AZ. It received its IRS tax-exemption ruling in March 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Payson Regional Housing Development reported income of $472k and spending of $51k, leaving 89% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $59k to $472k (+699%), an average of +68% a year. The sharpest change came in the year to June 2024, when income rose by 591%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Payson Regional Housing Development sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($472k), Gallagher Mansion Inc ($473k) and Family Promise of Knoxville ($472k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $33k (64% of expenses). At year end it held assets of $2.4m against liabilities of $387k, net assets of $2.0m.