Hollywood Community Housing Corporation

Analysis

Hollywood Community Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1994, 32 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, Hollywood Community Housing Corporation reported income of $14.2m and spending of $11.3m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $14.2m (+133%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hollywood Community Housing Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Rocky Mountain Care-Holladay Inc ($14.2m), Metro Health Foundation of New Hampshire Inc ($14.3m) and Miami Rescue Mission Broward Outreach Centers Inc ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $753k (6.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $121.7m against liabilities of $111.4m, net assets of $10.4m. It reported 44 employees.