Charitable Consortium Inc

Analysis

Charitable Consortium Inc is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in April 2002, 24 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, Charitable Consortium Inc reported income of $706k and spending of $680k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $461k to $706k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charitable Consortium Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Ujima Community Developmentcorporation ($705k), Mapleton Home Association ($706k) and Faith and Fostering ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $179k. At year end it held assets of $899k against liabilities of $23k, net assets of $876k. It reported 11 employees.