River Kourt Apartments

Analysis

River Kourt Apartments is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, River Kourt Apartments reported income of $122k and spending of $161k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $103k to $122k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 135% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, River Kourt Apartments sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Walker Area Community Foundation ($122k), National Debutante Cotillion Foundation Inc ($122k) and Employee First Fund ($122k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $624k against liabilities of $107k, net assets of $517k.

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.