Shepherd Oak West Apartments Inc

Analysis

Shepherd Oak West Apartments Inc is a registered charity in United States, based in Sauk Rapids, MN. It received its IRS tax-exemption ruling in May 1997, 29 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 December 2023, Shepherd Oak West Apartments Inc reported income of $333k and spending of $446k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $333k (+1.5%), an average of +0.4% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shepherd Oak West Apartments Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Lutheran Housing Services 18 Incorporated ($332k), Nature Coast Affordable Housing Corp ($333k) and Turn the Hearts ($332k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $104k. At year end it held assets of $1.6m against liabilities of $3.3m, net assets of -$1.7m.

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.