North Coast Place Apartments Inc

Analysis

North Coast Place Apartments Inc is a registered charity in United States, based in Erie, PA. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, North Coast Place Apartments Inc reported income of $92k and spending of $131k, spending 142% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $88k to $92k (+4.6%), an average of +0.9% a year. The sharpest change came in the year to March 2022, when income rose by 19%. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Coast Place Apartments Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Spartanburg Associate Reformed Presbyterian Home Inc ($92k), Csi Residential Inc Hospital for Special Care ($92k) and Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc ($92k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 64% and program service revenue 34% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$371k.

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.