Colonial Place Apartments Inc

Analysis

Colonial Place Apartments Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Colonial Place Apartments Inc reported income of $145k and spending of $192k, spending 133% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $105k to $145k (+38%), an average of +38% a year. The sharpest change came in the year to September 2023, when income rose by 38%. Over the whole period it spent 141% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colonial Place Apartments Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Northern Butler Co Feed My Sheep Food Cupboard ($145k), Bnei Uziel Inc ($145k) and Advocates for Immigrants in Detention Northwest ($145k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $378k against liabilities of $649k, net assets of -$271k.