Candlewick Commons Inc

Analysis

Candlewick Commons Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1994, 32 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, Candlewick Commons Inc reported income of $391k and spending of $430k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $409k to $391k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Candlewick Commons Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include 1374 College Avenue HDFC Inc ($391k), Burroughs Manor Incorporated ($391k) and Baran Place Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $967k against liabilities of $2.3m, net assets of -$1.4m.