Kitsap Homes of Compassion

Analysis

Kitsap Homes of Compassion is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in May 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kitsap Homes of Compassion reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $2.0m (+405%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kitsap Homes of Compassion sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Mount Vernon Manor Inc ($2.0m), Campbell Stone Apartments Inc ($2.0m) and Habitat for Humanity International Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $108k (5.7% of expenses). Other salaries and wages came to $449k. At year end it held assets of $437k against liabilities of $215k, net assets of $222k. It reported 13 employees.