Presbyterian Apartments Inc

Analysis

Presbyterian Apartments Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 1972, 54 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Apartments Inc reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+10%), an average of +2.5% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Apartments 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 85th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include The Samaritans of Fall River New Bedford Incorporated ($1.7m), Healthy Communities of Henry County Inc ($1.7m) and Rochester Youth Soccer League ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $445k. At year end it held assets of $2.5m against liabilities of $141k, net assets of $2.4m. It reported 14 employees.