Dena Bank Apartments Inc

Analysis

Dena Bank Apartments Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1994, 32 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, Dena Bank Apartments Inc reported income of $126k and spending of $162k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $126k (+2.6%), an average of +2.6% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dena Bank 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 49th percentile within SC. Charities of a similar size with the same main cause include Solid Rock Ministries ($126k), Bristol Place Apartments ($126k) and Sheboygan County Warming Center Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. At year end it held assets of $334k against liabilities of $860k, net assets of -$526k.