Cecilian Housing Corporation

Analysis

Cecilian Housing Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2004, 22 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, Cecilian Housing Corporation reported income of $400k and spending of $543k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $400k (+9.3%), an average of +2.2% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cecilian Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include US Vets-Arizona ($400k), 1378 College Avenue Housing Development Fund Corporation ($400k) and Pueblo Senior Housing Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $135k. At year end it held assets of $3.8m against liabilities of $49k, net assets of $3.8m.

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.