Arrowhead Place Apartments Inc

Analysis

Arrowhead Place Apartments Inc is a registered charity in United States, based in Chesterfield, SC. It received its IRS tax-exemption ruling in September 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 June 2024, Arrowhead Place Apartments Inc reported income of $82k and spending of $116k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $69k to $82k (+19%), an average of +4.5% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arrowhead Place Apartments Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include First Rock Baptist Church Foundation Incorporated ($82k), Mullins-Roberts Apts Inc ($82k) and Yonkers Community Housing Development Organization Inc ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $13k. At year end it held assets of $149k against liabilities of $6,974, net assets of $142k.

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.