Colfax Community Housing

Analysis

Colfax Community Housing is a registered charity in United States, based in Colfax, IN. It received its IRS tax-exemption ruling in November 2007, 19 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, Colfax Community Housing reported income of $91k and spending of $85k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $91k (+10%), an average of +10% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colfax Community Housing sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Azalea Trace Inc ($91k), Turrell Place Apartments ($91k) and Breakthrough Phase III Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $206k against liabilities of $13k, net assets of $193k.