Haus of Codec

Analysis

Haus of Codec is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 2021, 5 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, Haus of Codec reported income of $700k and spending of $545k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $45k to $700k (+1454%), an average of +294% a year. The sharpest change came in the year to December 2022, when income rose by 678%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haus of Codec sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Nantucket Sustainable Development Corporation ($700k), Rochelle Senior Housing Inc ($701k) and National Church Residences of ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.5% of the total. Other salaries and wages came to $258k. At year end it held assets of $1.1m against liabilities of $773k, net assets of $346k.