Plymouth Housing Group

Analysis

Plymouth Housing Group is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1980, 46 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 December 2023, Plymouth Housing Group reported income of $60.4m and spending of $72.8m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $75.3m to $60.4m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plymouth Housing Group sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include CHN Housing Partners ($57.5m), Highland Park Community Development Corporation ($61.9m) and Eden Housing Inc ($56.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.7m (2.3% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $350.2m against liabilities of $192.6m, net assets of $157.6m. It reported 429 employees.