Coburg Village Inc

Analysis

Coburg Village Inc is a registered charity in United States, based in Rexford, NY. It received its IRS tax-exemption ruling in May 2006, 20 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 December 2023, Coburg Village Inc reported income of $11.2m and spending of $10.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.5m to $11.2m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coburg Village Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Housing and Neighborhood Development Services of Central ($11.2m), Habitat for Humanity of Greater Miami Inc ($11.2m) and The Housing Partnership Fund Inc ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $41.7m against liabilities of $24.4m, net assets of $17.3m. It reported 187 employees.