Caritas Affordable Housing Inc

Analysis

Caritas Affordable Housing Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caritas Affordable Housing Inc reported income of $14.7m and spending of $12.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $14.7m (+11%), an average of +2.8% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caritas Affordable Housing Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Cedar Lake Village Inc ($14.7m), Heading Home ($14.8m) and Southwest Minnesota Housing Partnership ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $887k. At year end it held assets of $84.3m against liabilities of $84.6m, net assets of -$363k.