Presbyterian Apartments of Northport II

Analysis

Presbyterian Apartments of Northport II is a registered charity in United States, based in Northport, AL. It received its IRS tax-exemption ruling in May 2012, 14 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 June 2024, Presbyterian Apartments of Northport II reported income of $300k and spending of $310k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $257k to $300k (+17%), an average of +3.9% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian Apartments of Northport II sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Franklin Affordable Housing Corporation Inc ($300k), Holmans Family Adult Residential Care ($300k) and Riverside Park at Way of the Cross Inc ($300k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 93% of the total. Other salaries and wages came to $39k. At year end it held assets of $3.5m against liabilities of $5.0m, net assets of -$1.4m.

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.