Spokane Housing Ventures

Analysis

Spokane Housing Ventures is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Spokane Housing Ventures reported income of $5.8m and spending of $9.8m, spending 168% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $6.2m to $5.8m (-6.2%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spokane Housing Ventures sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include United Way of Treasure Valley Inc ($5.8m), Pasadena Educational Foundation ($5.8m) and United Methodist Foundation of LA ($5.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $36.5m against liabilities of $36.9m, net assets of -$377k. It reported 92 employees.