Cottages at Beaufort II Inc

Analysis

Cottages at Beaufort II Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 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 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 II Inc reported income of $162k and spending of $187k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $140k to $162k (+16%), an average of +3.7% a year. Over the whole period it spent 108% 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 II Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Rockland Recovery Homes Inc ($162k), Carbondale Senior Housing Corporation Phase IV ($162k) and Choconut Creek Housing Corporation ($161k).

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 $769k against liabilities of $1.2m, net assets of -$436k.

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.