Heritage Housing Partners

Analysis

Heritage Housing Partners is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in April 1999, 27 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 December 2023, Heritage Housing Partners reported income of $43.2m and spending of $38.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $43.2m (+3218%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 2311%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heritage Housing Partners sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Knox Area Rescue Ministries ($42.8m), Baltimore Affordable Housing Development Inc ($43.2m) and Episcopal Communities & Services for Seniors ($42.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $219k (0.6% of expenses). Other salaries and wages came to $410k. At year end it held assets of $43.2m against liabilities of $49.0m, net assets of -$5.8m. It reported 8 employees.