Housing Solutions Incorporated

Analysis

Housing Solutions Incorporated is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 1992, 34 years ago. 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, Housing Solutions Incorporated reported income of $2.7m and spending of $3.2m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $2.7m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Solutions Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within HI. Charities of a similar size with the same main cause include Impact Fund ($2.7m), Interaction Inc ($2.7m) and Del Norte Child Care Council ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $241k (7.4% of expenses). Other salaries and wages came to $677k. At year end it held assets of $16.2m against liabilities of $2.1m, net assets of $14.0m. It reported 36 employees.