Compass Center Housing Development

Analysis

Compass Center Housing Development is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1994, 32 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 Center Housing Development reported income of $237k and spending of $1.2m, spending 491% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $433k to $237k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. Over the whole period it spent 224% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Compass Center Housing Development sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include B L Trevathan Hatler E Morgan Elderly Housing Inc ($237k), Zion Housing Inc ($237k) and Silver Meadow Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13.3m against liabilities of $5.8m, net assets of $7.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.