Chemung View Housing Inc

Analysis

Chemung View Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in July 1995, 31 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Chemung View Housing Inc reported income of $8.3m and spending of $6.9m, spending 83% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $136k to $8.3m (+6004%), an average of +294% a year. The sharpest change came in the year to December 2019, when income rose by 2783%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chemung View Housing Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include BLP Partnership Inc ($8.3m), Virginia Baptist Homes Inc ($8.3m) and Habitat for Humanity International Inc ($8.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 61% and program service revenue 37% of the total. Other salaries and wages came to $453k. At year end it held assets of $48.7m against liabilities of $35.3m, net assets of $13.4m.