Crestone Peak Community Housing

Analysis

Crestone Peak Community Housing is a registered charity in United States, based in Crestone, CO. It received its IRS tax-exemption ruling in April 1995, 31 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, Crestone Peak Community Housing reported income of $414k and spending of $89k, leaving 79% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $279k to $414k (+48%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crestone Peak Community Housing sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Neighbor Helping Neighbor Fund Inc ($414k), Independence Heights Inc ($414k) and A Caring Plus Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.4m against liabilities of $60k, net assets of $1.3m.