Assisi Homes of Neenah Inc

Analysis

Assisi Homes of Neenah Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2017, 9 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 December 2023, Assisi Homes of Neenah Inc reported income of $392k and spending of $408k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $381k to $392k (+2.9%), an average of +1.0% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Assisi Homes of Neenah Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include United Church Residences of Winder Georgia Inc ($391k), Sebring Housing Research and Development Inc ($392k) and Burroughs Manor Incorporated ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $796k against liabilities of $71k, net assets of $725k.

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.