Candlewood Community Housing of Thurston County

Analysis

Candlewood Community Housing of Thurston County is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in August 1997, 29 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, Candlewood Community Housing of Thurston County reported income of $517k and spending of $343k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $517k (+20%), an average of +4.6% a year. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Candlewood Community Housing of Thurston County sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Evergreen Annex Inc ($517k), Lydias House Inc ($517k) and Knollwood Community Housing Corporation ($517k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $16k (4.6% of expenses). Other salaries and wages came to $46k. At year end it held assets of $3.8m against liabilities of $1.3m, net assets of $2.5m. It reported 3 employees.