Coulee Homes Ltd

Analysis

Coulee Homes Ltd is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in April 1995, 31 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, Coulee Homes Ltd reported income of $180k and spending of $194k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $180k (+28%), an average of +6.3% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coulee Homes Ltd sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within WI. Charities of a similar size with the same main cause include Northcliff Gardens Incorporated ($180k), Locust Grove Elderly Housing Inc ($180k) and Southern Hills Preservation Corporation Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $571k against liabilities of $111k, net assets of $460k.

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.