Padre Apartments Community

Analysis

Padre Apartments Community is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Padre Apartments Community reported income of $952k and spending of $932k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $896k to $952k (+6.2%), an average of +1.5% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Padre Apartments Community sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Capitol Civic Centre Inc ($952k), National Network for Youth Inc ($952k) and Carthage Crosslines Ministry ($951k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. At year end it held assets of $2.4m against liabilities of $776k, net assets of $1.6m.