Silver Lake New Hope Courtyard Apartments

Analysis

Silver Lake New Hope Courtyard Apartments is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Silver Lake New Hope Courtyard Apartments reported income of $205k and spending of $274k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $210k to $205k (-2.1%), an average of -0.5% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Lake New Hope Courtyard Apartments sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Detroit Electrical Workers Benevolent Corporation ($205k), Pop Warner Little Scholars Inc ($205k) and Greater Waco United Fund Foundation ($205k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $881k against liabilities of $2.4m, net assets of -$1.5m.