Arp Place - Gastonia in

Analysis

Arp Place - Gastonia in is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2007, 19 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 December 2023, Arp Place - Gastonia in reported income of $95k and spending of $117k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $95k (+5.6%), an average of +1.4% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arp Place - Gastonia in sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Elim Senior Housing Inc ($95k), Calvert Vaux Preservation Alliance ($95k) and Lssco Marion Place III Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $840k against liabilities of $225k, net assets of $615k.

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.