Centre Avenue Housing Inc

Analysis

Centre Avenue Housing Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2022, 4 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, Centre Avenue Housing Inc reported income of $190k and spending of $1.7m, spending 900% of what it took in. The sharpest change came in the year to December 2022, when income dropped by 93%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Centre Avenue Housing Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Keystone Challenge Fund Inc ($190k), Flint Cerebral Palsy Non-Profit Housing Corporation ($190k) and Stafford United Methodist Housing Development Corporation ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $4.5m against liabilities of $909k, net assets of $3.6m.