Care Housing Inc

Analysis

Care Housing Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in September 1992, 34 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, Care Housing Inc reported income of $2.8m and spending of $1.7m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $977k to $2.8m (+188%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Care Housing Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Cecil Housing Development Fund Corporation ($2.8m), Western Carolina Rescue Ministries Inc ($2.8m) and Bridgecourt Housing Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $140k (8.1% of expenses). Other salaries and wages came to $798k. At year end it held assets of $20.4m against liabilities of $3.9m, net assets of $16.5m. It reported 28 employees.