Drew County Housing Inc

Analysis

Drew County Housing Inc is a registered charity in United States, based in Monticello, AR. It received its IRS tax-exemption ruling in May 2007, 19 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 2024, Drew County Housing Inc reported income of $52k and spending of $94k, spending 179% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $39k to $52k (+36%), an average of +7.9% a year. The sharpest change came in the year to May 2023, when income rose by 48%. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Drew County Housing Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AR. Charities of a similar size with the same main cause include Access Housing of Carroll County Inc ($52k), Elinor Sanchez Supportive Housing Corp ($52k) and Grace in Action Incorporated ($52k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $638k against liabilities of $3,757, net assets of $634k.

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.