Apartments at Orchard View Inc

Analysis

Apartments at Orchard View Inc is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in September 2012, 14 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, Apartments at Orchard View Inc reported income of $276k and spending of $321k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $276k (+9.0%), an average of +2.2% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Apartments at Orchard View Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Columbia Village ($276k), Oglala Sioux Tribe Partnership for Housing Inc ($276k) and TWB Residential Opportunities Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$420k.

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.