Compass Housing Alliance

Analysis

Compass Housing Alliance is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1966, 60 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, Compass Housing Alliance reported income of $22.0m and spending of $21.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.1m to $22.0m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Compass Housing Alliance sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Modesto Affiliated Church Housing Corp ($22.0m), Ashfield Active Living and Wellness Communities Inc ($22.1m) and Pathstone Corporation ($22.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $404k (1.8% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $40.9m against liabilities of $19.2m, net assets of $21.7m. It reported 251 employees.