CCHNC South Lake Towers Inc

Analysis

CCHNC South Lake Towers Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in December 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CCHNC South Lake Towers Inc reported income of $3.2m and spending of $3.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.2m (+4.8%), an average of +1.2% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CCHNC South Lake Towers Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Hospitality House of Northwest North Carolina ($3.2m), Community Works ($3.2m) and Community Homes Housing Development Fund Company ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $267k. At year end it held assets of $11.1m against liabilities of $23.2m, net assets of -$12.1m.

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.