Community Housing Initiative Inc

Analysis

Community Housing Initiative Inc is a registered charity in United States, based in Whitestown, IN. It received its IRS tax-exemption ruling in May 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 October 2023, Community Housing Initiative Inc reported income of $974k and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $714k to $974k (+36%), an average of +8.1% a year. The sharpest change came in the year to October 2020, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Initiative Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Arbor Vista Inc ($974k), S a B L E House ($974k) and Ahi Capital Gateway Inc ($973k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $168k. At year end it held assets of $1.7m against liabilities of $3.1m, net assets of -$1.3m.