Santa Fe Apartment Corporation

Analysis

Santa Fe Apartment Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1990, 36 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, Santa Fe Apartment Corporation reported income of $747k and spending of $978k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $727k to $747k (+2.8%), an average of +0.7% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Fe Apartment Corporation 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 77th percentile within CA. Charities of a similar size with the same main cause include Scott County Housing Council ($747k), New Journey CDC Inc ($747k) and Pulaski County Neighborhood Alliance for Habitat ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $74k. At year end it held assets of $3.0m against liabilities of $3.0m, net assets of -$12k. It reported 2 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.