Pedigo Apartments Inc I

Analysis

Pedigo Apartments Inc I is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in July 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 December 2023, Pedigo Apartments Inc I reported income of $85k and spending of $111k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $85k (+13%), an average of +3.0% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pedigo Apartments Inc I sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Macedonia Real Estate Community Development Corporation of Eatonvi ($85k), LSS Housing Center Street Inc ($85k) and Christian Love Help Center Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $643k against liabilities of $22k, net assets of $621k.

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.