HRC Cottages Inc

Analysis

HRC Cottages Inc is a registered charity in United States, based in Missoula, MT. 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 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 2023, HRC Cottages Inc reported income of $750k and spending of $861k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $750k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 186%. 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, HRC Cottages Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within MT. Charities of a similar size with the same main cause include Home Empower ($750k), Prince of Peace Senior Apartments Inc ($750k) and St Agnes Apartments Inc ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 103% of the total. Compensation of current officers, directors and key employees was $30k (3.4% of expenses). Other salaries and wages came to $19k. At year end it held assets of $5.4m against liabilities of $5.2m, net assets of $185k. It reported 9 employees.