Spirit Canyon Apartments Inc

Analysis

Spirit Canyon Apartments Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Spirit Canyon Apartments Inc reported income of $59k and spending of $65k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $59k (-0.4%), an average of -0.4% a year. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spirit Canyon Apartments Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within SD. Charities of a similar size with the same main cause include KHS Project Graduation ($59k), New Life Counseling Center Inc ($59k) and Seattle Childrens Hospital ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $63k against liabilities of $389k, net assets of -$326k.