Carbondale Supportive Housing Inc

Analysis

Carbondale Supportive Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in May 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 December 2023, Carbondale Supportive Housing Inc reported income of $143k and spending of $216k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $143k (-3.8%), an average of -1.0% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carbondale Supportive Housing Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Brook View Gardens Inc ($142k), Laurel Estates Inc ($143k) and Alexander Apartments of Plant City Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.2m against liabilities of $265k, net assets of $945k.

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.