Pedigo Apartments Inc II

Analysis

Pedigo Apartments Inc II 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 II reported income of $90k and spending of $117k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $90k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 142% 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 II sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Fairhaven Homes 202 ($90k), Woodland Community Development Corporation Morgan Village ($90k) and Housing Consortium of Everett and Snohomish County ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 55% of the total. At year end it held assets of $629k against liabilities of $50k, net assets of $579k.

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.