Giles Community Apartments Corporation

Analysis

Giles Community Apartments Corporation is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Giles Community Apartments Corporation reported income of $179k and spending of $233k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $179k (+15%), an average of +3.5% a year. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Giles Community Apartments Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Camp Farthest Out Inc ($179k), Trauma Intervention Program of Northern Nevada Inc ($179k) and Ephphatha Village Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $67k. At year end it held assets of $624k against liabilities of $86k, net assets of $538k.

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.