Specialized Housing VI Inc

Analysis

Specialized Housing VI Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in June 1987, 39 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 VI Inc reported income of $55k and spending of $82k, spending 148% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $67k to $55k (-18%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Specialized Housing VI Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within OR. Charities of a similar size with the same main cause include Columbia Place ($55k), Garden Court Inc ($55k) and Bay View Citizens for Social Justice Inc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $81k against liabilities of $195k, net assets of -$114k.