Cottages at Beaufort Inc

Analysis

Cottages at Beaufort Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1999, 27 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 September 2023, Cottages at Beaufort Inc reported income of $155k and spending of $190k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $129k to $155k (+21%), an average of +4.8% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cottages at Beaufort Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include The Homestead Place Inc ($155k), Trinity United Methodist Housing Corporation ($155k) and Acm Dignified Transitional Housing Inc ($155k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $697k against liabilities of $1.1m, net assets of -$428k.

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.