Caritas Community Housing Corporation

Analysis

Caritas Community Housing Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2023, Caritas Community Housing Corporation reported income of $1.1m and spending of $1.5m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $986k to $1.1m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 451%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caritas Community Housing Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Pontchartrain Housing Corp III ($1.1m), Presbyterian Village at North Church Inc ($1.1m) and Housing Enterprises of Anne Arundel County Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 80% of the total. Other salaries and wages came to $133k. At year end it held assets of $21.0m against liabilities of $7.9m, net assets of $13.1m.