Christopher Homes Inc

Analysis

Christopher Homes Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Christopher Homes Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Christopher Homes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Pilot Cove Manor Housing Development Company Inc ($2.1m), Helping Hands of Springfield Inc ($2.1m) and Vision Atlantic Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $167k (8.1% of expenses). Other salaries and wages came to $883k. At year end it held assets of $8.8m against liabilities of $3.1m, net assets of $5.7m. It reported 155 employees.