Pendleton Apartments Inc

Analysis

Pendleton Apartments Inc is a registered charity in United States, based in Franklin, WV. It received its IRS tax-exemption ruling in May 1991, 35 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 December 2023, Pendleton Apartments Inc reported income of $98k and spending of $98k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $98k (+206%), an average of +206% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pendleton Apartments Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within WV. Charities of a similar size with the same main cause include Levy County Housing Authority Core Group Inc ($98k), Dulaney Station Community Housing Development Organization Inc ($98k) and Vera House ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $30k against liabilities of $408k, net assets of -$378k.