Champ Homes Inc

Analysis

Champ Homes Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in March 1989, 37 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, Champ Homes Inc reported income of $672k and spending of $742k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $525k to $672k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Champ Homes Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Germantown Home Section 202 Corporation ($672k), TNDC Supporting Fund ($672k) and Mhany 1999 Housing Development Fund Corporation ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Other salaries and wages came to $242k. At year end it held assets of $1.8m against liabilities of $28k, net assets of $1.8m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.