Craigs Doors Inc

Analysis

Craigs Doors Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in August 2011, 15 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 June 2023, Craigs Doors Inc reported income of $2.7m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $270k to $2.7m (+891%), an average of +77% a year. The sharpest change came in the year to June 2021, when income rose by 256%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Craigs Doors Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Crown Center ($2.7m), Spotswood Reformed Church Senior Citizens Housing Corp ($2.7m) and Main Street Hinton Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (1.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $669k against liabilities of $276k, net assets of $393k. It reported 99 employees.