Commonwealth Catholic Charities Housing Corp

Analysis

Commonwealth Catholic Charities Housing Corp is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2019, 7 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 September 2023, Commonwealth Catholic Charities Housing Corp reported income of $331k and spending of $633k, spending 191% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $258k to $331k (+28%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 88%. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Commonwealth Catholic Charities Housing Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Rodney Scheel House Foundation Ltd ($331k), 573 Warren Street HD FC ($331k) and Mary Sunshine House ($331k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. At year end it held assets of $3.3m against liabilities of $3.8m, net assets of -$453k.