Andrew J Flodin Apartments Foundation

Analysis

Andrew J Flodin Apartments Foundation is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in May 2012, 14 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 (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 2023, Andrew J Flodin Apartments Foundation reported income of $99k and spending of $222k, spending 224% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $105k to $99k (-5.3%), an average of -1.3% a year. Over the whole period it spent 227% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Andrew J Flodin Apartments Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 32nd percentile within AK. Charities of a similar size with the same main cause include El Cid Historic Neighborhood Association Inc ($99k), Woodside Apartments Inc ($99k) and Sunvalley Apartments Inc ($99k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.6m against liabilities of $41k, net assets of $1.5m.

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.