Central Virginia Housing Coalition Inc

Analysis

Central Virginia Housing Coalition Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in May 1989, 37 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 June 2023, Central Virginia Housing Coalition Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $2.0m (-2.1%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Virginia Housing Coalition Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Boys & Girls Club of Boone County Inc ($2.0m), Midland Rape Crisis Center Inc ($2.0m) and Way Back ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $9.5m against liabilities of $2.4m, net assets of $7.1m. It reported 31 employees.