Immanuel Church Housing Corp

Analysis

Immanuel Church Housing Corp is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 1971, 55 years ago. 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, Immanuel Church Housing Corp reported income of $3.5m and spending of $4.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.5m (-2.6%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Immanuel Church Housing Corp sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Holyoke Young Mens Christian Association Inc ($3.5m), Brunswick Academy Association Inc ($3.5m) and United Way of Abilene ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $198k (4.7% of expenses). Other salaries and wages came to $859k. At year end it held assets of $7.9m against liabilities of $2.5m, net assets of $5.3m. It reported 10 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.