Ohio Capital Impact Corporation

Analysis

Ohio Capital Impact Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohio Capital Impact Corporation reported income of $2.5m and spending of $3.3m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $2.5m (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohio Capital Impact Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Open Doors Homeless Coalition ($2.5m), Caritas Communities Holdings Inc ($2.5m) and New Walton Avenue HDFC ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $10.8m against liabilities of $974k, net assets of $9.8m.