Golden Age Apartments Inc

Analysis

Golden Age Apartments Inc is a registered charity in United States, based in Pine Bluff, AR. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Golden Age Apartments Inc reported income of $113k and spending of $150k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $113k (+7.8%), an average of +1.9% 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, Golden Age Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within AR. Charities of a similar size with the same main cause include Desert Willow Apartments ($113k), Cane Manor Inc ($113k) and Franklin Foundation of Liberty Square Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $23k. At year end it held assets of $994k against liabilities of $5,378, net assets of $988k. It reported 2 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.