Denison Community Investment Corp

Analysis

Denison Community Investment Corp is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Denison Community Investment Corp reported income of $54k and spending of $15k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $54k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Denison Community Investment Corp sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Torrington Affordable Housing Inc ($54k), Passavant Memorial Homes II Inc ($54k) and Catalina Housing Foundation Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $1.8m against liabilities of $16k, net assets of $1.7m.