McAullife Apartments Inc

Analysis

McAullife Apartments Inc is a registered charity in United States, based in Hohenwald, TN. It received its IRS tax-exemption ruling in September 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, McAullife Apartments Inc reported income of $152k and spending of $196k, spending 129% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $124k to $152k (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McAullife Apartments Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Next Step Housing Corporation ($151k), Woodside Haven Incorporated ($152k) and Whitehaven Economic Development Corporation ($151k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $48k. At year end it held assets of $669k against liabilities of $35k, net assets of $634k. It reported 2 employees.

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.