Washington Street Residents Association

Analysis

Washington Street Residents Association is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1992, 34 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 December 2023, Washington Street Residents Association reported income of $79k and spending of $128k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $79k (+2.7%), an average of +0.7% a year. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Street Residents Association 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 31st percentile, and in the 27th percentile within CO. Charities of a similar size with the same main cause include 18 W Read St Inc ($79k), Ocean Housing Development II Inc ($79k) and Shalom Housing Development Inc ($79k).

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 $319k against liabilities of $1.3m, net assets of -$948k.

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.