Atlantis Community Foundation

Analysis

Atlantis Community Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Atlantis Community Foundation reported income of $1.0m and spending of $1.9m, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.0m (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Atlantis Community Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Lauderdale Senior Services Inc ($1.0m), St Luke Housing Development Fund Co Inc ($1.0m) and Villa Assumpta Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 113% of the total. Compensation of current officers, directors and key employees was $126k (6.5% of expenses). At year end it held assets of $21.9m against liabilities of $9.8m, net assets of $12.1m. It reported 4 employees.