Abcap Housing III Inc

Analysis

Abcap Housing III Inc is a registered charity in United States, based in Georgetown, OH. It received its IRS tax-exemption ruling in July 1989, 37 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, Abcap Housing III Inc reported income of $121k and spending of $176k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $122k to $121k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 217%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abcap Housing III Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Asi Longmont Inc ($121k), Hope Housing of Claremore Inc ($121k) and Rebuilding Together-Muscatine ($121k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $74k.