Central Ohio Housing Development Organization Inc

Analysis

Central Ohio Housing Development Organization Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1998, 28 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, Central Ohio Housing Development Organization Inc reported income of $562k and spending of $89k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $562k (+3590%), an average of +146% a year. The sharpest change came in the year to December 2022, when income rose by 497%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Ohio Housing Development Organization Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Hogar Sustituto Y Educativo Rosanna Corp ($562k), Vine Street Manor Housing Corp ($563k) and American Opportunity for Housing Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $21k (23% of expenses). Other salaries and wages came to $13k. At year end it held assets of $2.4m against liabilities of $1.1m, net assets of $1.3m. It reported 2 employees.