Bicentennial Apartments Inc

Analysis

Bicentennial Apartments Inc is a registered charity in United States, based in Spearfish, SD. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bicentennial Apartments Inc reported income of $137k and spending of $213k, spending 155% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $147k to $137k (-6.4%), an average of -2.2% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bicentennial Apartments Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within SD. Charities of a similar size with the same main cause include Butte County Affordable Housing Dev Corp a Cal Nonprf Pub Benefit Corp ($137k), Justin C Stewart Plaza Housing Corporation ($137k) and Maison de Monde ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. At year end it held assets of $1.4m against liabilities of $2.2m, net assets of -$767k.

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.