Edith Street Apartments Inc

Analysis

Edith Street Apartments Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in February 2000, 26 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 December 2023, Edith Street Apartments Inc reported income of $257k and spending of $322k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $257k (+18%), an average of +4.3% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edith Street Apartments Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include MBCDC Villa Matti Inc ($257k), Responsive to Our Community Inc ($257k) and Wholistic Housing Ventures Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.7m against liabilities of $3.7m, net assets of -$2.0m.

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.