Dunbar Heritage Apartments Inc

Analysis

Dunbar Heritage Apartments Inc is a registered charity in United States, based in Ardmore, OK. 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 December 2023, Dunbar Heritage Apartments Inc reported income of $73k and spending of $117k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $73k (+1.0%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dunbar Heritage Apartments Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within OK. Charities of a similar size with the same main cause include 721 East 6th Street Housing Development Fund Corporation ($73k), Cardinal Community Manor Inc ($73k) and Dream House Homes Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 44% of the total. Other salaries and wages came to $21k. At year end it held assets of $652k against liabilities of $1.2m, net assets of -$593k. 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.