Church Street Estates Corp

Analysis

Church Street Estates Corp is a registered charity in United States, based in Greenville, RI. It received its IRS tax-exemption ruling in October 2005, 21 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 March 2024, Church Street Estates Corp reported income of $308k and spending of $464k, spending 151% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $257k to $308k (+20%), an average of +4.6% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Church Street Estates Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Rice Lake Housing Authority Inc ($308k), McAuley Commons Inc ($308k) and Orange Housing Development Corp ($308k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $4.3m against liabilities of $5.9m, 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.