Eduhousing Communities Corporation

Analysis

Eduhousing Communities Corporation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in November 2016, 10 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 June 2023, Eduhousing Communities Corporation reported income of $65k and spending of $23k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8,111 to $65k (+701%), an average of +68% a year. The sharpest change came in the year to June 2020, when income dropped by 129%. Over the whole period it spent 261% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eduhousing Communities Corporation sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within GA. Charities of a similar size with the same main cause include Georgetown Apartments Inc ($65k), DD Housing Inc ($65k) and Alberta Manor Inc ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 136% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $12k.