Colorado Affordable Catholic Housing Corp

Analysis

Colorado Affordable Catholic Housing Corp is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Affordable Catholic Housing Corp reported income of $32.0m and spending of $10.5m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $811k to $32.0m (+3847%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 5370%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colorado Affordable Catholic Housing Corp sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Dallas Mennonite Retirement Community Inc ($31.9m), Home Headquarters Inc ($32.1m) and Center for Housing and Health ($31.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. At year end it held assets of $40.8m against liabilities of $10.8m, net assets of $29.9m.