Community Housing Innovations Inc

Analysis

Community Housing Innovations Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in May 1992, 34 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, Community Housing Innovations Inc reported income of $90.8m and spending of $88.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.2m to $90.8m (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Housing Innovations Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Easter Seals Midwest ($90.8m), Texas Access to Justice Foundation ($91.7m) and United Network for Organ Sharing ($90.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (1.7% of expenses). Other salaries and wages came to $24.9m. At year end it held assets of $141.5m against liabilities of $129.9m, net assets of $11.6m. It reported 808 employees.