Decatur Street Residences Inc

Analysis

Decatur Street Residences Inc is a registered charity in United States, based in Edgewater, CO. It received its IRS tax-exemption ruling in September 2007, 19 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 September 2023, Decatur Street Residences Inc reported income of $164k and spending of $199k, spending 121% of what it took in. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Decatur Street Residences Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include Allen Neighborhood Center Support Corp ($163k), Cliff View Village III Inc ($164k) and Del Rio Rotary Housing ($163k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Other salaries and wages came to $14k. At year end it held assets of $807k against liabilities of $585k, net assets of $223k.

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.