Columbus House

Analysis

Columbus House is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 1985, 41 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, Columbus House reported income of $15.8m and spending of $15.6m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $14.4m to $15.8m (+9.6%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbus House sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Burbank Housing Development Corporation ($15.8m), Century Affordable Development Inc ($15.9m) and Anchorage Neighborhood Housing Services Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $365k (2.3% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $16.1m against liabilities of $6.5m, net assets of $9.6m. It reported 269 employees.