Butte Affordable Housing Inc

Analysis

Butte Affordable Housing Inc is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in November 2018, 8 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 June 2023, Butte Affordable Housing Inc reported income of $222k and spending of $257k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $138k to $222k (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 345%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Butte Affordable Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MT. Charities of a similar size with the same main cause include St Patricks Manor ($222k), Mantua I Corporation ($222k) and One Church One Child Inc ($222k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $2.6m against liabilities of $1.2m, net assets of $1.3m.