Attic Angel Prairie Point Inc

Analysis

Attic Angel Prairie Point Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Attic Angel Prairie Point Inc reported income of $2.4m and spending of $3.4m, spending 139% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.8m to $2.4m (+38%), an average of +8.5% a year. The sharpest change came in the year to March 2021, when income rose by 43%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Attic Angel Prairie Point Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Gideon Court Resident Council ($2.4m), Clifton Senior Citizens Housing Corp ($2.4m) and Asheville Assisted Housing Inc ($2.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.0% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $83k (2.5% of expenses). Other salaries and wages came to $569k. At year end it held assets of $35.1m against liabilities of $49.6m, net assets of -$14.5m.

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.