Specialized Housing VII

Analysis

Specialized Housing VII is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in February 1997, 29 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 VII reported income of $151k and spending of $152k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $95k to $151k (+59%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 153%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Specialized Housing VII sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OR. Charities of a similar size with the same main cause include Mercy Properties Washington ($151k), Asi Greeley Inc a Colorado Corporation ($151k) and Building Restoration in Christ Kingdom Brick Inc ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $417k against liabilities of $99k, net assets of $318k.