Community Homebuyers Inc

Analysis

Community Homebuyers Inc is a registered charity in United States, based in Sharon, PA. It received its IRS tax-exemption ruling in July 2003, 23 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 2024, Community Homebuyers Inc reported income of $134k and spending of $224k, spending 167% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $66k to $134k (+104%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Homebuyers Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Friendship Hall Inc ($134k), Cedar View Inc ($134k) and Whalley Avenue Housing II Inc ($134k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.0m against liabilities of $1.5m, net assets of -$494k.

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.