Community Housing Network Inc

Analysis

Community Housing Network Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1988, 38 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, Community Housing Network Inc reported income of $10.8m and spending of $14.2m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.5m to $10.8m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. 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, Community Housing Network Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Lutheran Retirement Center Salisbury Inc ($10.8m), Life Enriching Communities ($10.8m) and Neighborhood of Affordable Housing Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $1.5m (11% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $62.3m against liabilities of $5.9m, net assets of $56.4m. It reported 147 employees.