Chenango Housing Improvement Program Inc

Analysis

Chenango Housing Improvement Program Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in March 1975, 51 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, Chenango Housing Improvement Program Inc reported income of $1.0m and spending of $972k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $1.0m (-1.1%), an average of -0.3% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chenango Housing Improvement Program 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 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Final Victory Animal Rescue Inc ($1.0m), Youth and Family Center ($1.0m) and Coolbaugh Township Volunteer Fire Company ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $117k. At year end it held assets of $2.1m against liabilities of $1.9m, net assets of $176k. It reported 16 employees.