Equality Community Housing Corporation

Analysis

Equality Community Housing Corporation is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in November 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, Equality Community Housing Corporation reported income of $17.9m and spending of $17.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.3m to $17.9m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Equality Community Housing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Settlement Housing Fund Inc ($17.9m), Milwaukee Habitat for Humanity ($17.9m) and The Oaks at Bartlett ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $47.3m against liabilities of $50.7m, net assets of -$3.4m.