Central Coast Housing

Analysis

Central Coast Housing is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1986, 40 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, Central Coast Housing reported income of $72k and spending of $104k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $72k (-93%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Coast Housing sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Melrose Place Housing Group ($72k), Hatc Foundation ($72k) and Jeremiah Development NFP ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. At year end it held assets of $7.3m against liabilities of $785k, net assets of $6.5m.