Strawberry Fields Apartments Inc

Analysis

Strawberry Fields Apartments Inc is a registered charity in United States, based in Melbourne, AR. It received its IRS tax-exemption ruling in June 2003, 23 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 (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, Strawberry Fields Apartments Inc reported income of $65k and spending of $98k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67k to $65k (-2.9%), an average of -0.7% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Strawberry Fields Apartments Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within AR. Charities of a similar size with the same main cause include Second Chance Clean and Sober Living Home Inc ($65k), Pioneer Housing Project III ($66k) and Ucc Xviii Inc ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. At year end it held assets of $561k against liabilities of $21k, net assets of $541k.

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.