Presbyterian Apartments of North

Analysis

Presbyterian Apartments of North is a registered charity in United States, based in Northport, AL. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2024, Presbyterian Apartments of North reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.3m (+11%), an average of +2.6% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian Apartments of North sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Ohio Network for Innovation ($1.3m), Interfaith Housing Inc ($1.3m) and Huntsman Community Shelter ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $201k. At year end it held assets of $2.2m against liabilities of $3.2m, net assets of -$1.1m.