Choctaw Home Finance Corporation

Analysis

Choctaw Home Finance Corporation is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in August 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Choctaw Home Finance Corporation reported income of $3.8m and spending of $3.5m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $3.8m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Choctaw Home Finance Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Liberty Community Land Trust ($3.8m), Alliance Housing Incorporated ($3.8m) and Grandmas House of Hope ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. At year end it held assets of $42.2m against liabilities of $315k, net assets of $41.9m.