Innovative Housing Inc

Analysis

Innovative Housing Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 1985, 41 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, Innovative Housing Inc reported income of $14.4m and spending of $9.2m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $14.4m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Innovative Housing Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include 899 Charleston ($14.3m), Habitat for Humanity International Inc ($14.4m) and Metro Health Foundation of New Hampshire Inc ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $294k (3.2% of expenses). Other salaries and wages came to $941k. At year end it held assets of $77.4m against liabilities of $32.0m, net assets of $45.4m. It reported 26 employees.