Southeast Affordable Preservation Inc

Analysis

Southeast Affordable Preservation Inc is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in January 2012, 14 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, Southeast Affordable Preservation Inc reported income of $98k and spending of $123k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $98k (-97%), an average of -58% a year. The sharpest change came in the year to December 2022, when income rose by 339%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Affordable Preservation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OR. Charities of a similar size with the same main cause include Friendly Heights Apts Inc ($98k), Better Housing Together ($98k) and United Native American Housing Association ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $1.8m against liabilities of $3,675, net assets of $1.8m.