Carter House Inc

Analysis

Carter House Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1995, 31 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, Carter House Inc reported income of $260k and spending of $295k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $274k to $260k (-4.9%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carter House Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Tennessee Resilience Project ($260k), House Everyone STL ($260k) and Willow Glen Housing Inc ($260k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $843k against liabilities of $2.6m, net assets of -$1.7m.

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.