Centerpointe Housing Corporation I

Analysis

Centerpointe Housing Corporation I is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 2007, 19 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 2023, Centerpointe Housing Corporation I reported income of $50k and spending of $91k, spending 182% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $50k to $50k (+0.0%), an average of +0.0% a year. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Centerpointe Housing Corporation I sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within NE. Charities of a similar size with the same main cause include Interfaith Housing Development Corporation of Hickory ($50k), WRC Housing II Inc ($50k) and Fort Hill Housing Inc ($50k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $3,678. At year end it held assets of $1.0m against liabilities of $212k, net assets of $807k.

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.