Adapt Housing Corporation Number One Inc

Analysis

Adapt Housing Corporation Number One Inc is a registered charity in United States, based in Coldwater, MI. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Adapt Housing Corporation Number One Inc reported income of $115k and spending of $139k, spending 121% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $115k to $115k (+0.7%), an average of +0.4% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adapt Housing Corporation Number One Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Chester County Senior Citizens Inc ($115k), Northfield Apartments of Duluth Inc ($115k) and National Junior Basketball ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $408k against liabilities of $11k, net assets of $396k.

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.