Osborne Apartments Inc

Analysis

Osborne Apartments Inc is a registered charity in United States, based in Spring Lake Park, MN. It received its IRS tax-exemption ruling in July 1980, 46 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 September 2023, Osborne Apartments Inc reported income of $686k and spending of $770k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $612k to $686k (+12%), an average of +2.9% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Osborne Apartments Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Mallard Run Housing Development Charter No 1304420 ($686k), Ahepa 245 Inc ($687k) and Cathedral City Senior Housing Inc ($686k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $3.1m against liabilities of $4.7m, net assets of -$1.6m.