Augustana Apartments Inc

Analysis

Augustana Apartments Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in July 1973, 53 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 September 2024, Augustana Apartments Inc reported income of $403k and spending of $346k, spending 86% of its income. Across the 4 years on record, from September 2020 to September 2024, income grew from $282k to $403k (+43%), an average of +13% a year. The sharpest change came in the year to September 2024, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Augustana Apartments Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include CCHNC Visalia Senior Housing Corporation ($403k), Chelmsford Housing Elder Partnership Inc ($403k) and Roosevelt Senior Citizens Housing Corporation ($403k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $543k against liabilities of $51k, net assets of $492k.