Sunvalley Apartments Inc

Analysis

Sunvalley Apartments Inc is a registered charity in United States, based in Melbourne, AR. It received its IRS tax-exemption ruling in March 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sunvalley Apartments Inc reported income of $99k and spending of $129k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $87k to $99k (+14%), an average of +3.4% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunvalley 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 37th percentile, and in the 35th percentile within AR. Charities of a similar size with the same main cause include Bethesda Spruce Street Development Corporation ($99k), El Cid Historic Neighborhood Association Inc ($99k) and CPNJ Livingston Residence Inc ($99k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. At year end it held assets of $437k against liabilities of $16k, net assets of $421k.

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.