Salvation Army Colorado Springs II Residences Inc

Analysis

Salvation Army Colorado Springs II Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Salvation Army Colorado Springs II Residences Inc reported income of $359k and spending of $484k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $369k to $359k (-2.8%), an average of -0.7% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salvation Army Colorado Springs II Residences Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Glory House of Miami Inc ($359k), New Life Center for Change ($359k) and Habitat for Humanity of Benzie County Inc ($359k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. Other salaries and wages came to $93k. At year end it held assets of $2.3m against liabilities of $523k, net assets of $1.7m. It reported 6 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.