Inn Between of Longmont Inc

Analysis

Inn Between of Longmont Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in February 1999, 27 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, Inn Between of Longmont Inc reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.0m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Inn Between of Longmont Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Augustana Apts of Hastings ($2.0m), Awaken Inc ($2.0m) and 178th Street Housing Development Fund Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $135k (6.6% of expenses). Other salaries and wages came to $596k. At year end it held assets of $4.6m against liabilities of $2.0m, net assets of $2.5m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.