Credit & Homeownership Empowerment Services

Analysis

Credit & Homeownership Empowerment Services is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Credit & Homeownership Empowerment Services reported income of $4.6m and spending of $4.1m, spending 89% of its income. Across the 5 years on record, from December 2017 to December 2022, income grew from $400k to $4.6m (+1045%), an average of +84% a year. The sharpest change came in the year to December 2021, when income rose by 648%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Credit & Homeownership Empowerment Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Supportive Housing Coalition of New Mexico ($4.6m), Oregon Community Food System Network ($4.6m) and Kids Place Inc ($4.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $841k. At year end it held assets of $5.1m against liabilities of $1.6m, net assets of $3.4m.