Mace Apartments Inc

Analysis

Mace Apartments Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in July 2006, 20 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, Mace Apartments Inc reported income of $78k and spending of $106k, spending 136% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $53k to $78k (+47%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mace Apartments Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($78k), Call to Build Inc ($78k) and Villa Serena Inc ($78k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 43% of the total. At year end it held assets of $836k against liabilities of $30k, net assets of $806k.

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.