Bowen Apartments Inc

Analysis

Bowen Apartments Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Bowen Apartments Inc reported income of $165k and spending of $251k, spending 152% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $149k to $165k (+11%), an average of +11% a year. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bowen Apartments Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Texas Boys Outdoors Inc ($165k), Casa for York County ($165k) and Corporations Caring for Kids Inc ($165k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $414k against liabilities of $1.1m, net assets of -$720k.