New Castle Housing Corporation

Analysis

New Castle Housing Corporation is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in February 2005, 21 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 March 2024, New Castle Housing Corporation reported income of $242k and spending of $309k, spending 128% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $220k to $242k (+10%), an average of +2.4% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Castle Housing Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include Mabel Swan II ($242k), Sepp Rural Elderly Housing Inc ($242k) and Marshall Place Apartments Inc ($242k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 58% and program service revenue 38% of the total. Other salaries and wages came to $46k. At year end it held assets of $1.8m against liabilities of $245k, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.