Northeast Georgia Housing Corporation

Analysis

Northeast Georgia Housing Corporation is a registered charity in United States, based in Monroe, GA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northeast Georgia Housing Corporation reported income of $129k and spending of $139k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $129k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northeast Georgia Housing Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within GA. Charities of a similar size with the same main cause include Lutheran Nonprofit Housing Corporation-Lansing ($129k), Rivera Gardens Affordable Housing Corporation ($129k) and Worthington Christian Village Benevolent Association Inc ($129k).

At year end it held assets of $3.4m against liabilities of $41k, net assets of $3.3m.