CHN Housing Capital

Analysis

CHN Housing Capital is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, CHN Housing Capital reported income of $2.4m and spending of $2.7m, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.6m to $2.4m (+51%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, CHN Housing Capital sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Salvation Army Services Inc ($2.4m), Family Link of Union and Essex Counties a Regional Early ($2.4m) and House of Yahweh ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Other salaries and wages came to $737k. At year end it held assets of $11.1m against liabilities of $9.4m, net assets of $1.6m. It reported 7 employees.