Bowman Low Rental Housing Co Inc

Analysis

Bowman Low Rental Housing Co Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 1995, 31 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, Bowman Low Rental Housing Co Inc reported income of $219k and spending of $149k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $219k (+17%), an average of +4.1% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bowman Low Rental Housing Co Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Community Resolution Center ($219k), Milltown Housing Developemnt Fund Company Inc ($219k) and Wellstone Commons Senior Housing ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $663k against liabilities of $747k, net assets of -$84k.