Assisi Homes - Lasalle Manor Inc

Analysis

Assisi Homes - Lasalle Manor Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2011, 15 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, Assisi Homes - Lasalle Manor Inc reported income of $574k and spending of $617k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $574k (+11%), an average of +2.5% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Assisi Homes - Lasalle Manor Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Cornerstone Community Housing Inc ($573k), 1270 Pacific Housing Development Fund Corporation ($574k) and Over the Rainbow Unit II ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $940k.

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.