Arlington Avenue Apartments Incoporated

Analysis

Arlington Avenue Apartments Incoporated is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 2009, 17 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, Arlington Avenue Apartments Incoporated reported income of $74k and spending of $127k, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $65k to $74k (+14%), an average of +3.3% a year. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arlington Avenue Apartments Incoporated sits at the 17th 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 32nd percentile within FL. Charities of a similar size with the same main cause include Otts Branch Elderly Housing Inc ($74k), Naomis Place Transitional Housing Inc ($74k) and Woodland Pointe Inc ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Other salaries and wages came to $8,826. At year end it held assets of $2.0m against liabilities of $2.4m, net assets of -$450k.

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.