Twin Brooks Apartments Inc

Analysis

Twin Brooks Apartments Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in November 2007, 19 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, Twin Brooks Apartments Inc reported income of $80k and spending of $126k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $80k (+7.1%), an average of +1.7% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Twin Brooks Apartments Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include American Sunrise-A Nonprofit Community Builder ($80k), Adirondack Housing Development Fund Co Inc ($80k) and Mercy Outreach Ministries V Inc ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $9,546. At year end it held assets of $1.3m against liabilities of $1.9m, net assets of -$561k.

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.