Carr Square Tenant Corporation

Analysis

Carr Square Tenant Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in December 1972, 54 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, Carr Square Tenant Corporation reported income of $1.2m and spending of $1.8m, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.2m (-16%), an average of -4.2% a year. The sharpest change came in the year to September 2022, when income rose by 46%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carr Square Tenant Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Snoqulamie Valley Shelter Services ($1.2m), Waldorf Csi Senior Housing Inc ($1.2m) and Grundy Development Corporation ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $102k (5.8% of expenses). Other salaries and wages came to $347k. At year end it held assets of $3.1m against liabilities of $1.3m, net assets of $1.8m. It reported 14 employees.

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.