Banyan Club Apartments Holding Corporation

Analysis

Banyan Club Apartments Holding Corporation is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 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, Banyan Club Apartments Holding Corporation reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.4m (-16%), an average of -4.2% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Banyan Club Apartments Holding Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Lutheran Home Foundation Inc ($1.4m), Sophia Snow Independent Living Inc ($1.4m) and Clearer Vision ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $146k. At year end it held assets of $3.9m against liabilities of $6.3m, net assets of -$2.4m. It reported 3 employees.