Columbia Village

Analysis

Columbia Village is a registered charity in United States, based in Columbia HTS, MN. It received its IRS tax-exemption ruling in June 1998, 28 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, Columbia Village reported income of $276k and spending of $338k, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $246k to $276k (+12%), an average of +2.9% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbia Village sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include TWB Residential Opportunities Inc ($276k), Apartments at Orchard View Inc ($276k) and Shall Never Thirst Ministries ($276k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.1m against liabilities of $100k, net assets of $955k.

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.