Atrium Apartments Inc

Analysis

Atrium Apartments Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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, Atrium Apartments Inc reported income of $199k and spending of $194k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $199k (+2.1%), an average of +0.5% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atrium Apartments Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include South County News ($199k), Ballet Folklorico Mexicano de Carlos Moreno ($199k) and New Manchester Volunteer Fire Department Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $915k against liabilities of $496k, net assets of $420k.