Eagle Court Apartments

Analysis

Eagle Court Apartments is a registered charity in United States, based in Pierz, MN. It received its IRS tax-exemption ruling in August 2000, 26 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 2023, Eagle Court Apartments reported income of $109k and spending of $128k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $86k to $109k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eagle Court Apartments sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include HH Cares Inc ($109k), North Wing Inc ($109k) and League of Human Dignity Metro Housing Development Corporation ($109k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. At year end it held assets of $524k against liabilities of $63k, net assets of $461k.

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.