Highwood Apartments Inc

Analysis

Highwood Apartments Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in October 1982, 44 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 2023, Highwood Apartments Inc reported income of $368k and spending of $396k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $358k to $368k (+2.7%), an average of +0.7% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highwood Apartments Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include 45th Ave Housing Co ($368k), Cny Affordable Realty Inc ($368k) and Rotary Manor Inc ($368k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $496k against liabilities of $1.3m, net assets of -$844k.