Curwensville Housing Corporation

Analysis

Curwensville Housing Corporation is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in May 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Curwensville Housing Corporation reported income of $462k and spending of $479k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $428k to $462k (+7.9%), an average of +1.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Curwensville Housing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Rainbow Heights Ince ($462k), Northwestern Retirement Housing ($462k) and Habitat for Humanity International Inc ($461k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $74k. At year end it held assets of $930k against liabilities of $1.4m, net assets of -$428k.

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.