Canoga Apartments Corporation

Analysis

Canoga Apartments Corporation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in November 1964, 62 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 September 2023, Canoga Apartments Corporation reported income of $191k and spending of $96k, leaving 50% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $188k to $191k (+1.2%), an average of +0.3% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Canoga Apartments Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Carlsbad Transitional Housing and Homeless Shelter Inc ($191k), Cedar Street Apartments ($191k) and Orange East Senior Center Inc ($191k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $5.9m against liabilities of $3,250, net assets of $5.9m.