Caroline House

Analysis

Caroline House is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in March 2002, 24 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, Caroline House reported income of $53k and spending of $50k, spending 95% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $41k to $53k (+31%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caroline House sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Greenfield Housing Associates Inc ($53k), East 5th Street Apartments Inc ($53k) and Houston Senior Housing Inc ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $250k against liabilities of $409k, net assets of -$159k.