Ft Washington Adventist Apartments Inc

Analysis

Ft Washington Adventist Apartments Inc is a registered charity in United States, based in Ft Washington, MD. It received its IRS tax-exemption ruling in November 2000, 26 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 December 2023, Ft Washington Adventist Apartments Inc reported income of $656k and spending of $763k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $595k to $656k (+10%), an average of +2.5% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ft Washington Adventist Apartments Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Diakonia Housing I Inc ($656k), Haight Street Senior Housing Inc ($656k) and Shepherds Village Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $68k, net assets of $2.7m. It reported 10 employees.

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.