Florentz Estates Inc

Analysis

Florentz Estates Inc is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in November 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, Florentz Estates Inc reported income of $514k and spending of $215k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $514k (+337%), an average of +45% a year. The sharpest change came in the year to June 2023, when income rose by 350%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Florentz Estates Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within AR. Charities of a similar size with the same main cause include Prairie Lake Estates Homeowners Cooperative ($514k), Life Options Homes Inc ($514k) and Avenida Guadalupe Development Inc ($514k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 23% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.3m against liabilities of $1.6m, net assets of -$290k.