Tanglewood Apartments Inc

Analysis

Tanglewood Apartments Inc is a registered charity in United States, based in Melbourne, AR. It received its IRS tax-exemption ruling in April 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 (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 2023, Tanglewood Apartments Inc reported income of $67k and spending of $102k, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $59k to $67k (+14%), an average of +3.3% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tanglewood Apartments Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within AR. Charities of a similar size with the same main cause include Bulls Gap Railroad Museum Association ($67k), Link to Hope Inc ($67k) and Kings County Management & Development Corporation ($67k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $911k against liabilities of $14k, net assets of $897k.

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.