Jefferson County Apartments Inc

Analysis

Jefferson County Apartments Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jefferson County Apartments Inc reported income of $159k and spending of $164k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $159k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jefferson County Apartments Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Sheltered by Jesus ($159k), Good Shepherd of Washington II ($159k) and Community Housing Corporation ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 65% of the total. At year end it held assets of $990k against liabilities of $86k, net assets of $903k.

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.