Housing Development Corporation of Macon and Taylor County

Analysis

Housing Development Corporation of Macon and Taylor County is a registered charity in United States, based in Montezuma, GA. It received its IRS tax-exemption ruling in September 1998, 28 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 2022, Housing Development Corporation of Macon and Taylor County reported income of $404k and spending of $575k, spending 142% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $431k to $404k (-6.2%), an average of -2.1% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Corporation of Macon and Taylor County sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Mangum Golden Age Apartments Inc ($404k), Ohio Housing Authorities Conference ($404k) and Ilazaro Charity ($404k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $5.0m against liabilities of $5.8m, net assets of -$810k.

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.