Community Properties Impact Corporation

Analysis

Community Properties Impact Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2003, 23 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 Properties Impact Corporation reported income of $856k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $856k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Properties Impact Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($856k), New Vision Community Development ($857k) and Warriors Center Bolivar ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $384k. At year end it held assets of $2.0m against liabilities of $105k, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.