North Pacific Homes Inc

Analysis

North Pacific Homes Inc is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in July 1973, 53 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 March 2024, North Pacific Homes Inc reported income of $3.0m and spending of $2.8m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.3m to $3.0m (+31%), an average of +6.9% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Pacific Homes Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Arc of Delaware Inc Affiliates of the Arc of Delaware ($3.0m), Crotona Estates Housing Development Fund Company Inc ($3.0m) and Le-Na Residential Inc ($3.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $128k (4.5% of expenses). Other salaries and wages came to $989k. At year end it held assets of $10.4m against liabilities of $7.0m, net assets of $3.3m. It reported 51 employees.