Salishan Apartments

Analysis

Salishan Apartments is a registered charity in United States, based in Rohnert Park, CA. It received its IRS tax-exemption ruling in March 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salishan Apartments reported income of $144k and spending of $161k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $131k to $144k (+11%), an average of +2.6% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salishan Apartments sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Suzannes Comfort Care Home Inc ($144k), Morris County Affordable Housing Corporation ($145k) and Women Veterans Support Services Inc ($144k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $854k against liabilities of $1.8m, net assets of -$933k.

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.