Cottages of Delta Acres Inc

Analysis

Cottages of Delta Acres Inc is a registered charity in United States, based in Sherwood, AR. It received its IRS tax-exemption ruling in October 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cottages of Delta Acres Inc reported income of $112k and spending of $151k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $111k to $112k (+1.0%), an average of +0.2% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cottages of Delta Acres Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within AR. Charities of a similar size with the same main cause include Jack & Virginia Wright Apartment Foundation ($112k), Oak View Apartments Inc ($112k) and Hancock County Housing Associates ($112k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $722k against liabilities of $69k, net assets of $653k.

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.