Chesapeake Supportive Housing Inc

Analysis

Chesapeake Supportive Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, Chesapeake Supportive Housing Inc reported income of $206k and spending of $260k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $206k (+7.6%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chesapeake Supportive Housing Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Stillaguamish Gardens ($206k), Blackford-Grant Hud II Inc ($206k) and Midham Homes Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 28% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.2m against liabilities of $278k, net assets of $917k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.