Cottage at Crestview Inc

Analysis

Cottage at Crestview Inc is a registered charity in United States, based in Hendersonville, NC. It received its IRS tax-exemption ruling in September 2002, 24 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, Cottage at Crestview Inc reported income of $220k and spending of $246k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $171k to $220k (+29%), an average of +6.6% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cottage at Crestview 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 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Clark County Supportive Housing Inc ($220k), McCormick Memorial Home for the Aged ($220k) and Van Wert Housing Services Inc ($220k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $1.5m against liabilities of $2.8m, net assets of -$1.3m.

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.