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 February 1993, 33 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 December 2023, Carrfour Supportive Housing Inc reported income of $611k and spending of $683k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $746k to $611k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carrfour Supportive Housing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Dublin Community Preschool ($611k), South Carolina Association of Independent Home Schools ($611k) and Mercy Community Health Inc ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $2.1m against liabilities of $2.4m, net assets of -$361k.

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.