Shenandoah Apartments-Lafayette

Analysis

Shenandoah Apartments-Lafayette is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Shenandoah Apartments-Lafayette reported income of $128k and spending of $149k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $103k to $128k (+25%), an average of +5.6% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shenandoah Apartments-Lafayette sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Spruce Place Inc ($128k), American Legion-Seniors Unlimited Inc ($128k) and Dima I Inc ($128k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 57% of the total. At year end it held assets of $935k against liabilities of $40k, net assets of $895k.

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.