Columbia Place

Analysis

Columbia Place is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in June 2009, 17 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, Columbia Place reported income of $55k and spending of $87k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $55k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbia Place sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 13th percentile within ND. Charities of a similar size with the same main cause include Bay View Citizens for Social Justice Inc ($55k), Specialized Housing VI Inc ($55k) and Thomas Wilbur Homestead Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. At year end it held assets of $583k against liabilities of $907k, net assets of -$324k.

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.