Specialized Housing Inc VIII

Analysis

Specialized Housing Inc VIII is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in March 1994, 32 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 Inc VIII reported income of $136k and spending of $160k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $136k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Specialized Housing Inc VIII sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OR. Charities of a similar size with the same main cause include Prairie Horizons Inc ($136k), Westside Housing and Economic Network Inc ($136k) and Marvins Home ($136k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $8,237. At year end it held assets of $623k against liabilities of $16k, net assets of $607k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.