Dunn Tower Apartments Inc

Analysis

Dunn Tower Apartments Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1977, 49 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 March 2024, Dunn Tower Apartments Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to March 2023, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dunn Tower Apartments Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Fort Myers Presbyterian Community Inc ($1.5m), World Outreach Fund ($1.5m) and Morningday Community Solutions ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $229k. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.6m.