Southern Living Apartments Inc

Analysis

Southern Living 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southern Living Apartments Inc reported income of $138k and spending of $180k, spending 131% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $117k to $138k (+18%), an average of +3.3% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southern Living Apartments Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Coyne Road Inc ($138k), Ser Community Development Corporation ($138k) and Deforest Elderly Housing Owner Corporation ($138k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $44k. At year end it held assets of $776k against liabilities of $46k, net assets of $729k. 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.