Compass Affordable Housing Inc

Analysis

Compass Affordable Housing Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 June 2023, Compass Affordable Housing Inc reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.0m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Compass Affordable Housing Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Independent Colleges & Universities of New Jersey a NJ NP Corp ($2.0m), Traverse Area Recreation & Transportation Trails Inc ($2.0m) and Catholic Climate Covenant ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $144k (7.6% of expenses). Other salaries and wages came to $627k. At year end it held assets of $6.9m against liabilities of $4.4m, net assets of $2.5m. It reported 13 employees.