Corporation for Urban Home Ownership of New Haven

Analysis

Corporation for Urban Home Ownership of New Haven is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 1982, 44 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 June 2024, Corporation for Urban Home Ownership of New Haven reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 29%. 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, Corporation for Urban Home Ownership of New Haven sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Greater Rochester Housing Partnership Inc ($1.4m), Deerfield Senior Housing Corp ($1.4m) and Prairie Tower Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $4.3m against liabilities of $1.6m, net assets of $2.7m. It reported 3 employees.