Assisi Homes of Gurnee Inc

Analysis

Assisi Homes of Gurnee Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 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 Gurnee Inc reported income of $536k and spending of $618k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $531k to $536k (+1.1%), an average of +0.3% a year. Over the whole period it spent 114% 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 Gurnee 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 69th percentile within CO. Charities of a similar size with the same main cause include Greenbean Ventures ($536k), Haven Peniel Development Corporation ($537k) and Saugatuck Cooperative Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. At year end it held assets of $2.7m against liabilities of $87k, net assets of $2.6m.

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.