Housing Channel

Analysis

Housing Channel is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 1992, 34 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 September 2023, Housing Channel reported income of $6.7m and spending of $5.2m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.0m to $6.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2022, when income rose by 298%. Over the whole period it spent 41% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Channel sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Community Housing Initiatives Inc ($6.7m), Carpenters Shelter Inc ($6.7m) and Interfaith Partnership for the Homeless ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $178k (3.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $57.1m against liabilities of $16.0m, net assets of $41.1m. It reported 13 employees.