Salvation Army Colorado Springs Residences Inc

Analysis

Salvation Army Colorado Springs Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in May 1990, 36 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 September 2023, Salvation Army Colorado Springs Residences Inc reported income of $528k and spending of $458k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $510k to $528k (+3.7%), an average of +0.9% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salvation Army Colorado Springs Residences Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include National Housing Associates Inc ($528k), Center City Housing Inc ($528k) and Friendly Temple Apartments II Inc ($528k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $17k. It reported 6 employees.