Capital Area Housing Corporation

Analysis

Capital Area Housing Corporation is a registered charity in United States, based in Pierre, SD. It received its IRS tax-exemption ruling in April 1985, 41 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 June 2023, Capital Area Housing Corporation reported income of $96k and spending of $119k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $157k to $96k (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Capital Area Housing Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 30th percentile within SD. Charities of a similar size with the same main cause include Onamia Shores Inc ($96k), August P Petrillo Housing Development Fund Company Inc ($96k) and Nelda Place Apartments Inc ($96k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $5,830. At year end it held assets of $397k against liabilities of $545k, net assets of -$148k.