Community Housing Initiatives Inc

Analysis

Community Housing Initiatives Inc is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in August 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Housing Initiatives Inc reported income of $6.7m and spending of $5.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.3m to $6.7m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing Initiatives Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Interfaith Partnership for the Homeless ($6.7m), Housing Channel ($6.7m) and Northeast Senior Health Corporation ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $403k (6.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $49.9m against liabilities of $6.5m, net assets of $43.4m. It reported 44 employees.