Center City Housing Inc

Analysis

Center City Housing Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in March 2000, 26 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, Center City Housing Inc reported income of $528k and spending of $11k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.2m to $528k (-91%), an average of -46% a year. The sharpest change came in the year to December 2022, when income rose by 371%. Over the whole period it spent 1.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center City Housing Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Salvation Army Colorado Springs Residences Inc ($528k), Newcourtland Life at St Bartholomew Inc ($529k) and National Housing Associates Inc ($528k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 3.8% of the total. At year end it held assets of $24.2m against liabilities of $4,300, net assets of $24.2m.