Santa Cruz Apartments Inc

Analysis

Santa Cruz Apartments Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Santa Cruz Apartments Inc reported income of $1.2m and spending of $966k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $940k to $1.2m (+27%), an average of +6.1% a year. 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, Santa Cruz Apartments Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Clair House NFP Inc ($1.2m), Eagle Harbor Inc ($1.2m) and Teamster Retiree Housing of Detroit ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.8m against liabilities of $2.0m, net assets of -$253k.