Advent Community Development Corporation

Analysis

Advent Community Development Corporation is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in September 2010, 16 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, Advent Community Development Corporation reported income of $90k and spending of $105k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $94k to $90k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advent Community Development Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Hobart Housing Corporation ($89k), Southwood Housing Development Corporation ($90k) and Homeward Bound Housing Corporation ($89k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $698k against liabilities of $759k, net assets of -$61k.