Assisi Homes-Downers Place Inc

Analysis

Assisi Homes-Downers Place Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Assisi Homes-Downers Place Inc reported income of $1.0m and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $859k to $1.0m (+16%), an average of +3.9% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Assisi Homes-Downers Place Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Peconic United Methodist Housing Development Fund Company Inc ($1.0m), Minnesota Education Equity Partnership ($1.0m) and Habitat for Humanity International Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $151k. At year end it held assets of $4.3m against liabilities of $3.8m, net assets of $459k.

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.