Culpepper Garden I Incorporated

Analysis

Culpepper Garden I Incorporated is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in December 1972, 54 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 2024, Culpepper Garden I Incorporated reported income of $920k and spending of $166k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $151k to $920k (+508%), an average of +57% a year. The sharpest change came in the year to June 2024, when income rose by 592%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Culpepper Garden I Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include McCarty Housing Development Fund Company Inc ($918k), Houston Sro Housing Corporation ($920k) and Vip College Avenue HDFC ($918k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 10.0% of the total. Other salaries and wages came to $83k. At year end it held assets of $24.6m against liabilities of $17.0m, net assets of $7.6m.