King Creek Cottages Inc

Analysis

King Creek Cottages Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in April 2004, 22 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, King Creek Cottages Inc reported income of $73k and spending of $101k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $73k (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, King Creek Cottages Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Hatc Foundation ($72k), Eastern Star of Massachusetts Charitable Foundation Inc ($73k) and Central Coast Housing ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $631k against liabilities of $873k, net assets of -$242k.