LA Colonia Apartments Inc

Analysis

LA Colonia Apartments Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in March 2008, 18 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, LA Colonia Apartments Inc reported income of $585k and spending of $527k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $536k to $585k (+9.0%), an average of +2.2% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LA Colonia Apartments Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within KS. Charities of a similar size with the same main cause include Florida Elderly Housing Inc ($584k), Housing Plus Inc ($585k) and Four Walls Development Inc ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $103k. At year end it held assets of $624k against liabilities of $1.4m, net assets of -$772k. It reported 7 employees.