Coolidge Apartments Corporation

Analysis

Coolidge Apartments Corporation is a registered charity in United States, based in White Riv JCT, VT. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, Coolidge Apartments Corporation reported income of $149k and spending of $168k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $149k (+7.9%), an average of +1.9% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coolidge Apartments Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 37th percentile within VT. Charities of a similar size with the same main cause include C R Project ($149k), Wesley Senior Ministries Inc ($149k) and Hammers 4 Honduras ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $603k against liabilities of $809k, net assets of -$206k.

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.