Chiara Communities Inc

Analysis

Chiara Communities Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Chiara Communities Inc reported income of $36.2m and spending of $36.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.8m to $36.2m (+21%), an average of +4.9% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chiara Communities Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Enterprise Community Loan Fund Inc ($36.1m), SJF CCRC Inc ($36.3m) and Aeon ($35.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $10.2m. At year end it held assets of $156.0m against liabilities of $160.3m, net assets of -$4.3m.