Stanton Accessible Apartments

Analysis

Stanton Accessible Apartments is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in May 1999, 27 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, Stanton Accessible Apartments reported income of $138k and spending of $256k, spending 185% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $117k to $138k (+19%), an average of +4.4% 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, Stanton Accessible Apartments 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 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Asi Alexandria Inc ($138k), NYC Partnership Housing Development Fund Company Inc ($138k) and Wieder-Silver Manor Apartments ($138k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. At year end it held assets of $1.7m against liabilities of $1.8m, net assets of -$46k.

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.