Converse-Kokomo Oic Housing Services Inc

Analysis

Converse-Kokomo Oic Housing Services Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in April 1987, 39 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 August 2023, Converse-Kokomo Oic Housing Services Inc reported income of $182k and spending of $241k, spending 132% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $230k to $182k (-21%), an average of -5.7% a year. The sharpest change came in the year to August 2022, when income dropped by 26%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Converse-Kokomo Oic Housing Services Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Horizon Residential Altrnatives Inc ($182k), Hamilton Housing Development Company Incorporated ($182k) and Affordable Housing of Parker County Inc ($182k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $321k against liabilities of $1.5m, net assets of -$1.2m.

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.