Carrfour Supportive Housing Inc

Analysis

Carrfour Supportive Housing Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 1993, 33 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 2022, Carrfour Supportive Housing Inc reported income of $18.0m and spending of $26.0m, spending 144% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $16.2m to $18.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2019, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carrfour Supportive Housing Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Milwaukee Habitat for Humanity ($17.9m), Life Skills Training and Educational Programs Inc ($18.0m) and Equality Community Housing Corporation ($17.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $406k (1.6% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $68.1m against liabilities of $40.9m, net assets of $27.2m. It reported 144 employees.