James Valley Apartments Inc

Analysis

James Valley Apartments Inc is a registered charity in United States, based in Menno, SD. It received its IRS tax-exemption ruling in June 1966, 60 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, James Valley Apartments Inc reported income of $127k and spending of $161k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $127k (+5.5%), an average of +1.4% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, James Valley Apartments Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within SD. Charities of a similar size with the same main cause include Community for Christ Outreach Center Inc ($127k), Potomac River Homes Inc ($127k) and Shelter in Peace Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $21k (13% of expenses). At year end it held assets of $531k against liabilities of $551k, net assets of -$20k.