Conemaugh Housing Inc

Analysis

Conemaugh Housing Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in July 1989, 37 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 December 2023, Conemaugh Housing Inc reported income of $507k and spending of $478k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $507k (+11%), an average of +2.5% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Conemaugh Housing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Peoples Health and Housing ($507k), Episcopal Gardens ($507k) and Mansfield Memorial Home Apartments ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.6m against liabilities of $1.9m, net assets of -$246k.