Acres Homes Garden Inc

Analysis

Acres Homes Garden Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2008, 18 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 August 2023, Acres Homes Garden Inc reported income of $72k and spending of $137k, spending 192% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $71k to $72k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to August 2020, when income rose by 89%. Over the whole period it spent 189% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acres Homes Garden 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 29th percentile within TX. Charities of a similar size with the same main cause include Glenmore Hosuing Inc ($72k), Marion Senior Living Community ($72k) and Community Apartments Corporation of Wilson County 3 ($72k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3,600. At year end it held assets of $1.5m against liabilities of $268k, net assets of $1.2m. It reported 1 employees.

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.