Flora Apartments Inc

Analysis

Flora Apartments Inc is a registered charity in United States, based in Flora, IN. It received its IRS tax-exemption ruling in September 2014, 12 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, Flora Apartments Inc reported income of $181k and spending of $135k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $181k (+1.1%), an average of +1.1% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Flora Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Unity Court Apartments Inc ($181k), Lincoln Road Benevolent Corporation ($181k) and Edencare Personal Assistance Services ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 93% of the total. At year end it held assets of $469k against liabilities of $87k, net assets of $382k.