Community Housing Solutions

Analysis

Community Housing Solutions is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1973, 53 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 Solutions reported income of $7.5m and spending of $7.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $7.5m (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Housing Solutions sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Orchard Manor ($7.5m), Family Young Mens Christian Association of Marion & Polk Count ($7.5m) and Testimonial Community Love Center ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $250k (3.5% of expenses). Other salaries and wages came to $724k. At year end it held assets of $1.3m against liabilities of $464k, net assets of $800k. It reported 26 employees.