Chisom Housing Group

Analysis

Chisom Housing Group is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2007, 19 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, Chisom Housing Group reported income of $8.0m and spending of $8.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $8.0m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chisom Housing Group sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include YWCA Cass Clay ($8.0m), Jerome Avenue Care for the Homeless ($8.0m) and Home of the Sparrow Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $186k (2.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $27.9m against liabilities of $13.9m, net assets of $14.0m. It reported 2 employees.