Capital Area Multi-Housing Inc

Analysis

Capital Area Multi-Housing Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2001, 25 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, Capital Area Multi-Housing Inc reported income of $732k and spending of $150k, leaving 80% of income unspent that year. Across the 5 years on record, from September 2019 to December 2023, income fell from $11.2m to $732k (-93%), an average of -50% a year. The sharpest change came in the year to December 2021, when income dropped by 94%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Capital Area Multi-Housing Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Delta Towers Inc ($732k), Independent Housing Inc 1700 Pasewalk Ave ($732k) and Northwest Counseling Service Inc ($731k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $2.8m against liabilities of $228k, net assets of $2.6m.