Century Housing Corporation

Analysis

Century Housing Corporation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in February 1996, 30 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, Century Housing Corporation reported income of $63.7m and spending of $45.5m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.1m to $63.7m (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Century Housing Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include All Chicago Making Homelessness History ($62.9m), Commission on Economic Opportunity of Luzerne County ($63.9m) and National Community Renaissance of California ($62.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $2.5m (5.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $616.6m against liabilities of $309.9m, net assets of $306.7m. It reported 33 employees.