Highland Manor Apartments Inc

Analysis

Highland Manor Apartments Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Highland Manor Apartments Inc reported income of $231k and spending of $300k, spending 130% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $215k to $231k (+7.1%), an average of +2.3% a year. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Highland Manor Apartments Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Big Iron Classic Truck Shows ($231k), Precious Jewels Learning Academy Inc ($231k) and Native Action Program ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. At year end it held assets of $1.9m against liabilities of $2.9m, net assets of -$1.0m.

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.