Venice Community Housing Corporation

Analysis

Venice Community Housing Corporation is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in May 1993, 33 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, Venice Community Housing Corporation reported income of $16.5m and spending of $12.9m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $16.5m (+255%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Venice Community Housing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Ahepa Affordable Housing Management Company Inc ($16.5m), KTD Home Ownership Maximization Enterprise Corp ($16.5m) and Bccu Inc Clearfield ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $125.6m against liabilities of $111.2m, net assets of $14.4m. It reported 74 employees.