Belmont Housing Associates Inc

Analysis

Belmont Housing Associates Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1983, 43 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, Belmont Housing Associates Inc reported income of $608k and spending of $569k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $525k to $608k (+16%), an average of +3.8% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belmont Housing Associates Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Solar Community Housing Association ($608k), Bob Tavani House for Medical Respite ($609k) and Safe Harbour Inc ($608k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Other salaries and wages came to $69k. At year end it held assets of $877k against liabilities of $2.0m, net assets of -$1.1m.