Caspian Housing Corporation

Analysis

Caspian Housing Corporation is a registered charity in United States, based in Bingham Farms, MI. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Caspian Housing Corporation reported income of $253k and spending of $262k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $253k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caspian Housing Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Hepc Alliance ($253k), Playmakers Fitness Foundation Inc ($253k) and Saha Foundation for Cardiovascular Research and Education Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. At year end it held assets of $381k against liabilities of $952k, net assets of -$571k.