Charles Place Apartments NFP

Analysis

Charles Place Apartments NFP is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in January 2011, 15 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 June 2024, Charles Place Apartments NFP reported income of $142k and spending of $224k, spending 158% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $122k to $142k (+16%), an average of +3.7% a year. Over the whole period it spent 169% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charles Place Apartments NFP sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include St Gabriel Manor Inc ($142k), St Dominic Place Inc ($142k) and Amys Crossing ($142k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $1.5m against liabilities of $30k, net assets of $1.4m.

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.