Dechantal Apartments

Analysis

Dechantal Apartments is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in February 1988, 38 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 March 2024, Dechantal Apartments reported income of $658k and spending of $697k, spending 106% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $538k to $658k (+22%), an average of +5.2% a year. The sharpest change came in the year to March 2021, when income rose by 17%. 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, Dechantal Apartments sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Maine Association of Recovery Residences ($658k), Housing Opportunities & Management Enterprises Inc ($659k) and Adelante Inc ($658k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $84k. At year end it held assets of $1.9m against liabilities of $113k, net assets of $1.8m. It reported 5 employees.

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.