Five Talents Apartments Inc

Analysis

Five Talents Apartments Inc is a registered charity in United States, based in Jackson, MS. 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, Five Talents Apartments Inc reported income of $150k and spending of $222k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $161k to $150k (-6.7%), an average of -1.7% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Five Talents Apartments Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within MS. Charities of a similar size with the same main cause include Better Days Ahead Outreach Inc ($150k), Sartell Supportive Housing Inc ($150k) and Amsterdam Housing I Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.4m against liabilities of $30k, net assets of $1.3m.

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.