Southern Iowa Cog Housing Trust Fund

Analysis

Southern Iowa Cog Housing Trust Fund is a registered charity in United States, based in Creston, IA. It received its IRS tax-exemption ruling in April 2006, 20 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, Southern Iowa Cog Housing Trust Fund reported income of $257k and spending of $237k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $391k to $257k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southern Iowa Cog Housing Trust Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Mighty Hero Home Foundation Inc ($257k), Willow Tree Apartments Inc ($257k) and MBCDC Crespi Park Apartments Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.1% of the total. At year end it held assets of $1.5m against liabilities of $50k, net assets of $1.4m.