Amherst Glen Senior Apartments Inc

Analysis

Amherst Glen Senior Apartments Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 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 December 2023, Amherst Glen Senior Apartments Inc reported income of $1.8m and spending of $58k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $1.8m (+544%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Amherst Glen Senior Apartments Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Immanuel Community Vision Foundation ($1.8m), Family Promise of Brevard Inc ($1.8m) and Reach Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 328% and program service revenue 2.9% of the total. Other salaries and wages came to $8,947. At year end it held assets of $435k against liabilities of $743, net assets of $434k.