Canticle Place Inc

Analysis

Canticle Place Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 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, Canticle Place Inc reported income of $147k and spending of $203k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $147k (+1.7%), an average of +0.4% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Canticle Place Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within CO. Charities of a similar size with the same main cause include New Hope Apartments Inc ($147k), New Day ($147k) and Sparrow Place ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $1.5m against liabilities of $30k, net assets of $1.5m.

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.