Courtyard Affordable Housing Corp

Analysis

Courtyard Affordable Housing Corp is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Courtyard Affordable Housing Corp reported income of $722k and spending of $643k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $620k to $722k (+17%), an average of +3.9% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Courtyard Affordable Housing Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Metacomet Homes Inc ($722k), Inrc Services Corp ($723k) and Edgewood Community Childcare and Learning Center ($721k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 101% of the total. At year end it held assets of $3.0m against liabilities of $3.7m, net assets of -$687k.