Crown Housing Corporation

Analysis

Crown Housing Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 1984, 42 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 August 2023, Crown Housing Corporation reported income of $113k and spending of $224k, spending 199% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $149k to $113k (-25%), an average of -6.8% a year. The sharpest change came in the year to August 2023, when income dropped by 20%. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crown Housing Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Help Me Care and Board ($113k), Williams Street Apartments Inc ($113k) and Neighborhood Development Corporation ($113k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $162k against liabilities of $500k, net assets of -$337k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.