Armitage Commons Preservation NFP

Analysis

Armitage Commons Preservation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2023, Armitage Commons Preservation NFP reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+18%), an average of +4.2% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Armitage Commons Preservation NFP sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Community House Housing Development Fund Company Inc ($1.7m), Mercy Housing Wheaton NFP ($1.7m) and Corona Community Villas Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 88% of the total. Other salaries and wages came to $209k. At year end it held assets of $5.1m against liabilities of $10.6m, net assets of -$5.5m.