Caring Housing Ministries Inc

Analysis

Caring Housing Ministries Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Caring Housing Ministries Inc reported income of $2.8m and spending of $2.6m, spending 93% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.5m to $2.8m (+11%), an average of +2.6% a year. The sharpest change came in the year to March 2020, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring Housing Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Never Surrender Inc ($2.8m), Arhealth Ventures Inc ($2.8m) and N C Little Memorial Hospice Inc ($2.8m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $280k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $21.1m against liabilities of $19.9m, net assets of $1.2m. It reported 14 employees.