The Extension Inc

Analysis

The Extension Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in October 1992, 34 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 2024, The Extension Inc reported income of $4.7m and spending of $3.9m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $4.7m (+196%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Extension Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($4.7m), Bridgeport Neighborhood Trust Inc ($4.7m) and Path Home ($4.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $248k (6.4% of expenses). Other salaries and wages came to $1.7m. It paid $43k in professional fundraising fees. At year end it held assets of $10.6m against liabilities of $632k, net assets of $10.0m. It reported 66 employees.