Episcopal-Catholic Apartments Inc

Analysis

Episcopal-Catholic Apartments Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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, Episcopal-Catholic Apartments Inc reported income of $22.1m and spending of $1.6m, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $22.1m (+1227%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 974%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Episcopal-Catholic Apartments Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Timothy Christian Schools ($22.1m), Community Council of South Central ($22.1m) and Worldatwork ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 8.6% of the total. Other salaries and wages came to $295k. At year end it held assets of $23.7m against liabilities of $321k, net assets of $23.4m.