Charleston Medical Center Housing Corporation

Analysis

Charleston Medical Center Housing Corporation is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in January 1978, 48 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 June 2023, Charleston Medical Center Housing Corporation reported income of $1.8m and spending of $1.4m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.8m (+40%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charleston Medical Center Housing Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WV. Charities of a similar size with the same main cause include Watson Street Management & Development Corporation ($1.8m), Neighborhood Housing Services of Hamilton Inc ($1.8m) and Fair Tide Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 51% of the total. At year end it held assets of $16.5m against liabilities of $1.4m, net assets of $15.1m.