Collins Non-Profit Apartments Inc

Analysis

Collins Non-Profit Apartments Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in April 1985, 41 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 June 2023, Collins Non-Profit Apartments Inc reported income of $2.4m and spending of $5.5m, spending 232% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.4m (+49%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Collins Non-Profit Apartments Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include The Arlington Life Shelter ($2.4m), Wesley Tower Inc ($2.4m) and United Auto Workers Senior Citizens Center Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. At year end it held assets of $12.8m against liabilities of $19.0m, net assets of -$6.2m.