Continental Gardens Housing Corporation

Analysis

Continental Gardens Housing Corporation is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in October 1996, 30 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, Continental Gardens Housing Corporation reported income of $479k and spending of $605k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $464k to $479k (+3.3%), an average of +0.8% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Continental Gardens Housing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MT. Charities of a similar size with the same main cause include Asian Evergreen Housing Corporation ($479k), Alexandria Ministries Inc ($479k) and Affordable Housing Alliance of Central Ohio ($479k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $145k. At year end it held assets of $1.9m against liabilities of $3.5m, net assets of -$1.6m.

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.