Coalition for a Better Acre Inc

Analysis

Coalition for a Better Acre Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 1982, 44 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, Coalition for a Better Acre Inc reported income of $4.5m and spending of $3.6m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.5m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coalition for a Better Acre Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity of Greater Chattanooga ($4.5m), 1650 BLHC Services Corp ($4.5m) and Habitat for Humanity of Horry County Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $353k (9.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $37.6m against liabilities of $12.8m, net assets of $24.8m. It reported 39 employees.