Aspen Pitkin Employee Housing Inc

Analysis

Aspen Pitkin Employee Housing Inc is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in March 1980, 46 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, Aspen Pitkin Employee Housing Inc reported income of $689k and spending of $485k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $689k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspen Pitkin Employee Housing Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Cornerstone Elderly Housing Development Fund Company Inc ($689k), The Stickley Museum at Craftsman Farms Inc ($689k) and Spokane Guilds School Foundation Dba Joya Foundation ($689k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $101k (21% of expenses). At year end it held assets of $4.3m against liabilities of $525k, net assets of $3.8m.