Bristol Place Apartments

Analysis

Bristol Place Apartments is a registered charity in United States, based in Bryant, AR. It received its IRS tax-exemption ruling in August 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 June 2024, Bristol Place Apartments reported income of $126k and spending of $148k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $109k to $126k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bristol Place Apartments sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within AR. Charities of a similar size with the same main cause include Dena Bank Apartments Inc ($126k), PHC 811 Inc ($127k) and Solid Rock Ministries ($126k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.1m against liabilities of $23k, net assets of $1.1m. It reported 1 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.