Chase Place Housing Inc

Analysis

Chase Place Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in November 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chase Place Housing Inc reported income of $269k and spending of $327k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $269k (+15%), an average of +3.5% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chase Place Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Austinburg Apartments Inc ($269k), Portage Pines Nonprofit Corporation ($269k) and Bridge of Hope Harrisonburg-Rocking Ham ($269k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $416k against liabilities of $1.8m, net assets of -$1.4m.

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.