Specialized Housing III Inc

Analysis

Specialized Housing III Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Specialized Housing III Inc reported income of $75k and spending of $216k, spending 288% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $86k to $75k (-13%), an average of -13% a year. Over the whole period it spent 190% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Specialized Housing III Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within OR. Charities of a similar size with the same main cause include Anderson Place Apartments Inc ($75k), JFM No 5 Corp ($75k) and Lakeview Apartments Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $86k against liabilities of $294k, net assets of -$208k.