Carbondale Senior Housing Corporation Phase III

Analysis

Carbondale Senior Housing Corporation Phase III is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in October 1997, 29 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, Carbondale Senior Housing Corporation Phase III reported income of $148k and spending of $185k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $128k to $148k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 222%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carbondale Senior Housing Corporation Phase III sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within CO. Charities of a similar size with the same main cause include Asi Fargo Inc ($148k), Big Springs Housing Association Inc ($148k) and Ken-Crest Housing Pa 2007 Inc ($148k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $22k (12% of expenses). At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$229k. It reported 1 employees.