Columbia Housing Authority Developments Inc

Analysis

Columbia Housing Authority Developments Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1988, 38 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, Columbia Housing Authority Developments Inc reported income of $2.5m and spending of $2.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.5m (+75%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbia Housing Authority Developments Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Waldorf School of Pittsburgh ($2.5m), Great Plains Family YMCA Incorporated ($2.5m) and Hillel the Foundation for Jewish Campus Life ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $8.5m against liabilities of $6.0m, net assets of $2.6m.