Soda Creek Apartments Inc

Analysis

Soda Creek Apartments Inc is a registered charity in United States, based in Steamboat Springs, CO. It received its IRS tax-exemption ruling in April 2012, 14 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 June 2023, Soda Creek Apartments Inc reported income of $52k and spending of $107k, spending 207% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $52k to $52k (+0.1%), an average of +0.0% a year. Over the whole period it spent 220% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Soda Creek Apartments Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within CO. Charities of a similar size with the same main cause include Dust to Dawn Residential Facilities Inc ($52k), Next Step Organization ($52k) and The Associations Second Property Inc ($52k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $8,608. At year end it held assets of $1.6m against liabilities of $21k, net assets of $1.6m.

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.