Argus Manor Association

Analysis

Argus Manor Association is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in September 1994, 32 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, Argus Manor Association reported income of $743k and spending of $611k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $643k to $743k (+16%), an average of +4.9% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Argus Manor Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Geneva Avenue Elderly Housing Inc ($743k), The Eagles Nest St Clair County ($744k) and Indianapolis Ministries 1 Inc ($743k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $124k. At year end it held assets of $1.6m against liabilities of $700k, net assets of $906k.