Pecan Valley Apartments Inc

Analysis

Pecan Valley Apartments Inc is a registered charity in United States, based in Melbourne, AR. It received its IRS tax-exemption ruling in July 2005, 21 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, Pecan Valley Apartments Inc reported income of $130k and spending of $188k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $116k to $130k (+12%), an average of +3.0% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pecan Valley Apartments Inc 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 44th percentile, and in the 43rd percentile within AR. Charities of a similar size with the same main cause include Kay Mar Way Inc ($130k), Leo R Tanguay Apartments Inc ($130k) and Foundation Shelters ($130k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. At year end it held assets of $1.2m against liabilities of $31k, net assets of $1.2m.

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.