The Center for Housing Solutions Inc

Analysis

The Center for Housing Solutions Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 June 2023, The Center for Housing Solutions Inc reported income of $4.4m and spending of $4.1m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $286k to $4.4m (+1431%), an average of +148% a year. The sharpest change came in the year to June 2021, when income rose by 1422%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Center for Housing Solutions Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($4.4m), Community Alliance with Family Farmers Foundation ($4.4m) and Boys and Girls Club of Worcester ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $187k (4.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.2m against liabilities of $2.7m, net assets of -$537k. It reported 33 employees.