Abcap Housing VI Incorporated

Analysis

Abcap Housing VI Incorporated is a registered charity in United States, based in Georgetown, OH. It received its IRS tax-exemption ruling in December 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 December 2023, Abcap Housing VI Incorporated reported income of $114k and spending of $141k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $114k (+1.1%), an average of +0.3% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abcap Housing VI Incorporated sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Cardinals Peak Inc ($114k), Dima IV Inc ($114k) and Fall Creek Retirement Housing Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $765k against liabilities of $34k, net assets of $732k.

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.