Desire Community Housing Corporation

Analysis

Desire Community Housing Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 1970, 56 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, Desire Community Housing Corporation reported income of $1.6m and spending of $823k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $1.6m (+1010%), an average of +1010% a year. The sharpest change came in the year to December 2023, when income rose by 1010%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Desire Community Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Spartanburg Humane Society Inc ($1.6m), University Research Foundation Inc ($1.6m) and Boy Scouts of America ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $17k (2.0% of expenses). Other salaries and wages came to $500. At year end it held assets of $1.9m against liabilities of $762k, net assets of $1.1m.