Corporate Fund for Housing

Analysis

Corporate Fund for Housing is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1990, 36 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, Corporate Fund for Housing reported income of $9.8m and spending of $8.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.7m to $9.8m (+12%), an average of +2.9% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corporate Fund for Housing sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Redwood Housing Inc ($9.7m), Ann Arbor Housing Development Corporation ($9.8m) and United States Catholic Conference ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $84.3m against liabilities of $75.2m, net assets of $9.1m.