Cross County Apartments Inc

Analysis

Cross County Apartments Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in July 2000, 26 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, Cross County Apartments Inc reported income of $136k and spending of $154k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $108k to $136k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cross County Apartments Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within AR. Charities of a similar size with the same main cause include Gardens at Wichita Place Inc ($136k), Marvins Home ($136k) and Christian Village Homes Inc ($136k).

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 $33k. At year end it held assets of $635k against liabilities of $31k, net assets of $605k.

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.