Clam Bayou Apartments Inc

Analysis

Clam Bayou Apartments Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Clam Bayou Apartments Inc reported income of $72k and spending of $113k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $69k to $72k (+4.7%), an average of +1.2% a year. Over the whole period it spent 152% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clam Bayou Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Safe Affirming Family Environment ($72k), Olasteo Inc ($72k) and Make a Child Smile Inc ($72k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $8,372. At year end it held assets of $1.2m against liabilities of $1.8m, net assets of -$519k.

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.