Community Homes

Analysis

Community Homes is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in January 1996, 30 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, Community Homes reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Homes sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include True Purpose Ministries ($1.7m), Warren Washington County Homeless Youth Coalition Inc ($1.7m) and National Faith Homebuyers ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $170k (8.9% of expenses). Other salaries and wages came to $832k. At year end it held assets of $8.8m against liabilities of $2.2m, net assets of $6.5m. It reported 19 employees.