Fenton Place Townhomes

Analysis

Fenton Place Townhomes is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in September 1997, 29 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 June 2023, Fenton Place Townhomes reported income of $89k and spending of $126k, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $87k to $89k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fenton Place Townhomes sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within CO. Charities of a similar size with the same main cause include Hamilton Manor Inc ($89k), Kearney Court Senior Housing Inc ($89k) and Tiny Houses in the Name of Christ ($89k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $16k. At year end it held assets of $471k against liabilities of $47k, net assets of $424k.

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.