Powell Chapell Housing Development Corporation

Analysis

Powell Chapell Housing Development Corporation is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2024, Powell Chapell Housing Development Corporation reported income of $346k and spending of $455k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $306k to $346k (+13%), an average of +3.1% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Powell Chapell Housing Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Community for Creative Non-Violence ($346k), Maximum Accessible Housing-Avon ($346k) and Ucc III Inc ($345k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$470k. It reported 2 employees.