Colorado Housing Assistance Corporation

Analysis

Colorado Housing Assistance Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1982, 44 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 June 2024, Colorado Housing Assistance Corporation reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.6m (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2024, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colorado Housing Assistance Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Ocean City Community Development Corporation ($1.6m), Habitat for Humanity International Inc ($1.6m) and Detroit Affordable Homes Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $282k (17% of expenses). Other salaries and wages came to $265k. At year end it held assets of $15.4m against liabilities of $1.9m, net assets of $13.4m. It reported 7 employees.