Crabtree Apartments Inc

Analysis

Crabtree Apartments Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in September 1991, 35 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 June 2023, Crabtree Apartments Inc reported income of $362k and spending of $69k, leaving 81% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $79k to $362k (+357%), an average of +357% a year. The sharpest change came in the year to June 2023, when income rose by 357%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crabtree Apartments Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Eben Ezer Lutheran Housing Center ($362k), HFL Vanowen Apartments ($362k) and 2ndchanceproject ($362k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 6.2% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $691k.