Brandywine Apartments Inc

Analysis

Brandywine Apartments Inc is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in March 2014, 12 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 2024, Brandywine Apartments Inc reported income of $63k and spending of $82k, spending 130% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $63k to $63k (+1.3%), an average of +0.2% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brandywine Apartments Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Oconor Homes Incorporated ($63k), Southern Indiana Housing Development Corp ($63k) and Etl Apartments Inc ($63k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $177k against liabilities of $7,627, net assets of $170k.

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.