Coa Senior Housing Inc

Analysis

Coa Senior Housing Inc is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in February 1994, 32 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, Coa Senior Housing Inc reported income of $257k and spending of $288k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $257k (+5.4%), an average of +1.3% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coa Senior Housing Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Arp Manor-Kings Mountain Inc ($256k), BSDC Neighborhood Homes Housing Development Fund Corporation ($257k) and Greater Westfield Mass Committee for the Homeless Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. At year end it held assets of $892k against liabilities of $2.3m, net assets of -$1.4m. It reported 5 employees.

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.