Acadia Housing Inc

Analysis

Acadia Housing Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in March 2011, 15 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 2022, Acadia Housing Inc reported income of $665k and spending of $844k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $488k to $665k (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acadia Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Harmony House Inc ($665k), New Hope Community Development Corporation ($666k) and Isaiah 58 New Hampshire ($665k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $6.2m against liabilities of $6.1m, net assets of $66k.

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.