Aztex Homes for Ederly Inc

Analysis

Aztex Homes for Ederly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Aztex Homes for Ederly Inc reported income of $76k and spending of $115k, spending 151% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $71k to $76k (+6.9%), an average of +1.7% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aztex Homes for Ederly 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 Homeward Bound Inc ($76k), Greater Springfield Residences Inc ($76k) and Crestview Housing Development Corporation ($76k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $816k against liabilities of $1.2m, net assets of -$336k.

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.