Turrell Place Apartments

Analysis

Turrell Place Apartments is a registered charity in United States, based in Osceola, AR. It received its IRS tax-exemption ruling in October 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, Turrell Place Apartments reported income of $91k and spending of $110k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $74k to $91k (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 22%. 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, Turrell Place Apartments sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AR. Charities of a similar size with the same main cause include Colfax Community Housing ($91k), Villa Madonna South Elderly Housing Corporation ($91k) and Azalea Trace Inc ($91k).

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 $16k. At year end it held assets of $503k against liabilities of $7,196, net assets of $496k. It reported 2 employees.

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.