Alberta Street Apartments Preservation Inc

Analysis

Alberta Street Apartments Preservation Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 1996, 30 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 June 2023, Alberta Street Apartments Preservation Inc reported income of $158k and spending of $214k, spending 135% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $138k to $158k (+15%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alberta Street Apartments Preservation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OR. Charities of a similar size with the same main cause include Delta Partners Inc ($158k), MCR ($158k) and Lambs Residence III Inc ($158k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $548k against liabilities of $305k, net assets of $243k.