Specialized Housing Incorporated

Analysis

Specialized Housing Incorporated is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in October 1981, 45 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, Specialized Housing Incorporated reported income of $7.7m and spending of $1.4m, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $7.7m (+405%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 286%. Over the whole period it spent 38% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Specialized Housing Incorporated 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 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include National Community Renaissance Development Corporation ($7.7m), Montana Homeownership Network Inc ($7.8m) and Village at St Barnabas Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $233k (17% of expenses). Other salaries and wages came to $255k. At year end it held assets of $21.9m against liabilities of $1.4m, net assets of $20.5m. It reported 3 employees.