Community Housing Coalition of Madison County Inc

Analysis

Community Housing Coalition of Madison County Inc is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in June 2003, 23 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, Community Housing Coalition of Madison County Inc reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from October 2019 to December 2023, income grew from $507k to $1.5m (+191%), an average of +31% a year. The sharpest change came in the year to October 2020, when income rose by 87%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Coalition of Madison County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Murphy Senior Living Inc ($1.5m), 607 Concord Avenue Housing Development Fund Corporation ($1.5m) and Volunteers of America Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $37k (2.8% of expenses). Other salaries and wages came to $357k. It paid $18k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $685k, net assets of $974k. It reported 15 employees.