Hazen Pioneer Apartments

Analysis

Hazen Pioneer Apartments is a registered charity in United States, based in Hazen, ND. It received its IRS tax-exemption ruling in April 2021, 5 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, Hazen Pioneer Apartments reported income of $147k and spending of $217k, spending 148% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $144k to $147k (+2.3%), an average of +1.1% a year. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hazen Pioneer Apartments sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 39th percentile within ND. Charities of a similar size with the same main cause include New Day ($147k), Hillsboro Manor Housing Inc ($147k) and Canticle Place Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.1m against liabilities of $3.9m, net assets of -$766k.

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.