Hamilton Place Housing Corporation

Analysis

Hamilton Place Housing Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 1999, 27 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 2023, Hamilton Place Housing Corporation reported income of $442k and spending of $635k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $376k to $442k (+18%), an average of +4.1% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hamilton Place Housing Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within UT. Charities of a similar size with the same main cause include Ministerial Association Temporary Shelter Inc ($442k), Westminster Asbury East Inc ($443k) and Brownstones Alliance Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $47k. At year end it held assets of $907k against liabilities of $3.9m, net assets of -$3.0m.

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.