Coastal Empire Habitat for Humanity

Analysis

Coastal Empire Habitat for Humanity is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, Coastal Empire Habitat for Humanity reported income of $2.4m and spending of $2.0m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.4m (+59%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 85%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Empire Habitat for Humanity sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Working Against Violence Inc ($2.4m), Habitat for Humanity International Inc ($2.4m) and Downtown Memphis Ministry Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $110k (5.6% of expenses). Other salaries and wages came to $427k. At year end it held assets of $4.5m against liabilities of $2.6m, net assets of $2.0m. It reported 22 employees.