Conway Apartment Inc

Analysis

Conway Apartment Inc is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in January 1998, 28 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, Conway Apartment Inc reported income of $123k and spending of $137k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $124k to $123k (-0.2%), an average of -0.2% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Conway Apartment Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AR. Charities of a similar size with the same main cause include Bunts Road Housing Corp ($123k), Montclair Emergency Services for the Homeless Inc ($123k) and Brookhaven Housing Corporation ($123k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $388k against liabilities of $41k, net assets of $347k.