Allegre Point Senior Residences Inc

Analysis

Allegre Point Senior Residences Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 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, Allegre Point Senior Residences Inc reported income of $491k and spending of $744k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $445k to $491k (+10%), an average of +2.5% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allegre Point Senior Residences Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Ahepa 35 Inc ($491k), Veterans Accession House ($492k) and Rose Hill Manor Corporation ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. At year end it held assets of $3.3m against liabilities of $76k, net assets of $3.2m.

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.