Housing Continuum Inc

Analysis

Housing Continuum Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in November 1997, 29 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, Housing Continuum Inc reported income of $161k and spending of $143k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $244k to $161k (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2020, when income rose by 220%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Continuum Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Project Support Housing II ($161k), Christian Fellowship Home Foundation ($161k) and Vita Nova Foundation Inc ($161k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $5,000 (3.5% of expenses). Other salaries and wages came to $1,120. At year end it held assets of $724k against liabilities of $178k, net assets of $546k. It reported 1 employees.