Community Housing Expansion of Austin

Analysis

Community Housing Expansion of Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2004, 22 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 June 2023, Community Housing Expansion of Austin reported income of $368k and spending of $482k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $414k to $368k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Expansion of Austin sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Drayton Pines Inc ($368k), Whitley Crossings Neighborhood Corporation ($368k) and Marion Elderly Housing Inc ($368k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11k (2.3% of expenses). Other salaries and wages came to $2,130. At year end it held assets of $163k against liabilities of $115k, net assets of $48k. It reported 3 employees.

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.