Hip Housing Affordable Ventures Inc Hhav

Analysis

Hip Housing Affordable Ventures Inc Hhav is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in February 1998, 28 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, Hip Housing Affordable Ventures Inc Hhav reported income of $861k and spending of $985k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $700k to $861k (+23%), an average of +5.3% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hip Housing Affordable Ventures Inc Hhav sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Epworth Housing Foundation Cpe ($861k), Carolina Cross Connection Inc ($861k) and Gustavus Senior Care ($860k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $582k. At year end it held assets of $2.3m against liabilities of $226k, net assets of $2.1m. It reported 20 employees.

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.