Kay Goss Apartments Inc

Analysis

Kay Goss Apartments Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in July 2003, 23 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, Kay Goss Apartments Inc reported income of $119k and spending of $122k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $47k to $119k (+150%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kay Goss Apartments Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within AR. Charities of a similar size with the same main cause include Metro Arms Incorporated ($119k), Missouri Meadows Community Inc ($119k) and Fall Creek Valley Housing Inc ($119k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $524k against liabilities of $66k, net assets of $458k.