640 Columbus Investments Inc

Analysis

640 Columbus Investments Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2002, 24 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 2024, 640 Columbus Investments Inc reported income of $1.1m and spending of $908k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $864k to $1.1m (+22%), an average of +4.1% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 640 Columbus Investments Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Partnership Homes Inc ($1.1m), Breaking the Chains 23 ($1.1m) and Robert L Walker House Corporation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $853k against liabilities of $331k, net assets of $522k.