Ohio Capital Corporation for Housing

Analysis

Ohio Capital Corporation for Housing is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohio Capital Corporation for Housing reported income of $35.5m and spending of $26.7m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $102.3m to $35.5m (-65%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohio Capital Corporation for Housing sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include West Side Federation for Senior Housing Inc ($35.2m), Orlando Lutheran Towers Inc ($35.6m) and Chapel Hill Residential Retirement Center Inc ($35.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.9m (18% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $187.3m against liabilities of $33.7m, net assets of $153.7m. It reported 84 employees.