Nautical Affordable Housing Inc

Analysis

Nautical Affordable Housing Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in August 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 May 2023, Nautical Affordable Housing Inc reported income of $294k and spending of $729k, spending 248% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $295k to $294k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to May 2022, when income rose by 3141%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nautical Affordable Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Casa de Amigos VI Inc ($294k), Milton a Williams Housing Inc ($294k) and Monroe-Union County Community Development Corporation ($294k).

At year end it held assets of $29.0m against liabilities of $16.3m, net assets of $12.7m.