Apartment Living Inc

Analysis

Apartment Living Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in September 1987, 39 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 2023, Apartment Living Inc reported income of $149k and spending of $157k, spending 105% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $152k to $149k (-1.7%), an average of -1.7% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Apartment Living Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within IN. Charities of a similar size with the same main cause include A Phillips Square ($149k), Hammers 4 Honduras ($149k) and CBC Support Services Housing Development Fund Corporation ($149k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $428k against liabilities of $597k, net assets of -$169k.