St Vincents Fruitland Apartments Limited

Analysis

St Vincents Fruitland Apartments Limited is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Vincents Fruitland Apartments Limited reported income of $107k and spending of $176k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $107k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Vincents Fruitland Apartments Limited sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within ID. Charities of a similar size with the same main cause include Ventura Social Service Task Force Inc ($107k), Newburg Community Housing Inc ($107k) and Potentia Living Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $17k. At year end it held assets of $1.8m against liabilities of $34k, net assets of $1.8m.

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.