Chittenden Housing Corporation

Analysis

Chittenden Housing Corporation is a registered charity in United States, based in Winooski, VT. It received its IRS tax-exemption ruling in August 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 December 2023, Chittenden Housing Corporation reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+17%), an average of +3.9% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chittenden Housing Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within VT. Charities of a similar size with the same main cause include Yukon-Koyukuk Elder Assisted Living Consortium ($1.8m), Mins Court Housing Company Inc ($1.8m) and New Beginnings of Tampa Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $173k. At year end it held assets of $4.2m against liabilities of $4.3m, net assets of -$110k.