Machebeuf Apartments

Analysis

Machebeuf Apartments is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Machebeuf Apartments reported income of $687k and spending of $789k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $596k to $687k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Machebeuf Apartments sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Educational Foundation of Alfred Inc ($687k), Singh Foundation Inc ($687k) and Minnesota USA Wrestling Inc ($687k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $3.3m, net assets of -$603k. It reported 2 employees.

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.