CHT Vision Inc

Analysis

CHT Vision Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in November 2012, 14 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, CHT Vision Inc reported income of $82k and spending of $138k, spending 168% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $72k to $82k (+14%), an average of +4.4% a year. Over the whole period it spent 179% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CHT Vision Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Thomaston Voa Housing Inc ($82k), North Valley Housing Trust ($82k) and Mullins-Roberts Apts Inc ($82k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 47% of the total. At year end it held assets of $1.5m against liabilities of $3,142, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.