Community Housing Partners Corporation

Analysis

Community Housing Partners Corporation is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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 December 2023, Community Housing Partners Corporation reported income of $84.6m and spending of $87.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.0m to $84.6m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Housing Partners Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Goodwill Industries of San Antonio ($84.5m), Southwest Human Development Incorporated ($84.9m) and Medical College of Wisconson Affiliated Hospitals Inc ($84.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $2.2m (2.5% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $205.1m against liabilities of $107.4m, net assets of $97.7m. It reported 541 employees.