Chestnut Housing Corporation

Analysis

Chestnut Housing Corporation is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, Chestnut Housing Corporation reported income of $528k and spending of $246k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $528k (+237%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 201%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chestnut Housing Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Federation Manor Inc ($528k), Christian Center Housing Corporation ($528k) and Somerset Committee for the Homeless Inc ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. At year end it held assets of $1.9m against liabilities of $647k, net assets of $1.3m.