College Arms Towers Inc

Analysis

College Arms Towers Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in December 1971, 55 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 2023, College Arms Towers Inc reported income of $2.3m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.3m (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, College Arms Towers Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Long Island Housing Services Inc ($2.3m), Casa Santa Maria ($2.3m) and The Neighbor Project ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 89% of the total. Other salaries and wages came to $475k. At year end it held assets of $14.5m against liabilities of $12.4m, net assets of $2.1m. It reported 9 employees.