Cedarcrest Housing Corporation

Analysis

Cedarcrest Housing Corporation is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in June 1993, 33 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 June 2023, Cedarcrest Housing Corporation reported income of $415k and spending of $437k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $343k to $415k (+21%), an average of +6.5% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedarcrest Housing Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Erie Dawn Inc ($415k), Ucc VI Inc ($415k) and Our Neighbors Inc ($415k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $112k. At year end it held assets of $897k against liabilities of $2.3m, net assets of -$1.4m.

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.