Central City Affordable Housing

Analysis

Central City Affordable Housing is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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, Central City Affordable Housing reported income of $298k and spending of $265k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $298k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central City Affordable Housing sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($298k), Aunt Lute Foundation ($298k) and American Concrete Inst San Diego Intntl CHP ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Other salaries and wages came to $23k. At year end it held assets of $751k against liabilities of $955k, net assets of -$204k.