North Beacon Hill Housing Initiative Association

Analysis

North Beacon Hill Housing Initiative Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Beacon Hill Housing Initiative Association reported income of $175k and spending of $192k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $175k (+15%), an average of +3.5% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Beacon Hill Housing Initiative Association sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Leeway-Welton Housing Corp ($175k), Jaycee Valley Housing Inc ($175k) and Monarch Disabled Housing Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.0m against liabilities of $2.6m, net assets of -$639k.

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.