Abcap Housing E Inc

Analysis

Abcap Housing E Inc is a registered charity in United States, based in Georgetown, OH. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Abcap Housing E Inc reported income of $53k and spending of $59k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $53k (+15%), an average of +3.5% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abcap Housing E Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include All for Ava ($53k), Appletree Court ($53k) and Adrean-Matt Resident Association Inc ($53k).

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 $204k against liabilities of $16k, net assets of $189k.

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.