Council Groves Apartments

Analysis

Council Groves Apartments is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in November 1974, 52 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 September 2023, Council Groves Apartments reported income of $1.0m and spending of $861k, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $822k to $1.0m (+23%), an average of +5.2% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council Groves Apartments sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within MT. Charities of a similar size with the same main cause include Alzheimers of Central Alabama Inc ($1.0m), Arc of Central Plains Inc ($1.0m) and Great Neck Center for the Visual & Performing Arts Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $225k. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.3m. It reported 7 employees.