Eastern Slope Housing

Analysis

Eastern Slope Housing is a registered charity in United States, based in Strasburg, CO. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, Eastern Slope Housing reported income of $1.3m and spending of $956k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $883k to $1.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eastern Slope Housing sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Edison Arms Housing Development Fund Co Inc ($1.3m), Hill Street Terrace Housing Corp ($1.3m) and Presioca Villa Interfaith Housing Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $474k. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $966k. It reported 32 employees.