Luxora Garden Apartments Inc

Analysis

Luxora Garden Apartments Inc is a registered charity in United States, based in Osceola, AR. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Luxora Garden Apartments Inc reported income of $104k and spending of $125k, spending 120% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $89k to $104k (+17%), an average of +3.2% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Luxora Garden Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within AR. Charities of a similar size with the same main cause include F W Residential Properties Inc ($104k), Urban Suburban Affordables Inc ($104k) and Apple Grove Homes II Inc ($104k).

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 $18k. At year end it held assets of $427k against liabilities of $8,281, net assets of $419k. 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.