New Matamoras Area Housing Co

Analysis

New Matamoras Area Housing Co is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in January 1974, 52 years ago. 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 June 2024, New Matamoras Area Housing Co reported income of $496k and spending of $557k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $453k to $496k (+9.5%), an average of +1.8% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Matamoras Area Housing Co sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Worthington Christian School ($496k), Shire Village Camp Inc ($496k) and Florida Agriculture in the Classroom Inc ($496k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $666k against liabilities of $94k, net assets of $571k.

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.