Capital Area Housing Partnership

Analysis

Capital Area Housing Partnership is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Capital Area Housing Partnership reported income of $10.2m and spending of $9.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $10.2m (+734%), an average of +70% a year. The sharpest change came in the year to June 2021, when income rose by 403%. Over the whole period it spent 96% 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 Partnership sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Vsu Auxiliary Services Real Estatefoundation Inc ($10.2m), Choanoke Area Development Assoc ($10.2m) and Pikes Peak Real Estate Foundation Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $122k (1.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.3m against liabilities of $2.2m, net assets of $4.1m. It reported 45 employees.