Beaver County Community Housing Development Organization Inc

Analysis

Beaver County Community Housing Development Organization Inc is a registered charity in United States, based in Beaver Falls, PA. It received its IRS tax-exemption ruling in March 2002, 24 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, Beaver County Community Housing Development Organization Inc reported income of $949k and spending of $1.5m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $763k to $949k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beaver County Community Housing Development Organization Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Galleria Manor Senior Development Inc ($949k), Habitat for Humanity International Inc ($950k) and Neighborlink Indianapolis Foundation Inc ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $6.8m against liabilities of $7.5m, net assets of -$743k.

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.