Contoocook Housing Trust

Analysis

Contoocook Housing Trust is a registered charity in United States, based in Lyman, SC. It received its IRS tax-exemption ruling in November 1991, 35 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 December 2023, Contoocook Housing Trust reported income of $616k and spending of $554k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $616k (+11%), an average of +2.6% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Contoocook Housing Trust sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Foundation for Leadership California ($616k), Lamoille Area Housing Corporation the ($616k) and Shore Front Council Housing Development Fund Corp ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $25k (4.6% of expenses). Other salaries and wages came to $122k. At year end it held assets of $2.3m against liabilities of $474k, net assets of $1.8m. It reported 3 employees.