Housing Collaborative

Analysis

Housing Collaborative is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 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 March 2024, Housing Collaborative reported income of $5.7m and spending of $6.2m, spending 109% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.6m to $5.7m (+121%), an average of +22% a year. The sharpest change came in the year to March 2021, when income rose by 1173%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Collaborative sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include House of Refuge Inc ($5.7m), Habitat for Humanity International Inc ($5.7m) and Cornerstone Housing for Adults with Disabilities ($5.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $169k (2.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.3m against liabilities of $745k, net assets of $2.5m. It reported 52 employees.