Powers Housing Development Inc

Analysis

Powers Housing Development Inc is a registered charity in United States, based in North Bend, OR. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Powers Housing Development Inc reported income of $435k and spending of $348k, spending 80% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $271k to $435k (+60%), an average of +13% a year. The sharpest change came in the year to March 2024, when income rose by 119%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Powers Housing Development Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OR. Charities of a similar size with the same main cause include Orchard Communities Inc ($435k), Navajo Townsite Community Development Corporation ($435k) and Envision Communities Inc ($435k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $76k. At year end it held assets of $622k against liabilities of $379k, net assets of $243k.