Columbus Housing Enterprise

Analysis

Columbus Housing Enterprise is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2023, 3 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, Columbus Housing Enterprise reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $2.0m (+2320%), an average of +2320% a year. The sharpest change came in the year to December 2023, when income rose by 2320%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbus Housing Enterprise sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Midwest Housing Initiatives Inc ($2.0m), Brevard Rescue Mission Inc ($2.0m) and St Anthonys Housings for the Elderly ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 89% of the total. At year end it held assets of $37.9m against liabilities of $37.7m, net assets of $242k.