A Better Chance Apartments Inc

Analysis

A Better Chance Apartments Inc is a registered charity in United States, based in El Sobrante, CA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, A Better Chance Apartments Inc reported income of $119k and spending of $225k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $127k to $119k (-6.5%), an average of -1.7% a year. Over the whole period it spent 172% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Better Chance Apartments Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include White Bear Lake Basketball Association ($119k), Greener Pastures ($119k) and Livonia Goodfellows Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. Other salaries and wages came to $8,400. At year end it held assets of $2.4m against liabilities of $3.5m, net assets of -$1.0m. It reported 1 employees.

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.