Arc-Chaucer Apartments Inc

Analysis

Arc-Chaucer Apartments Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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 2024, Arc-Chaucer Apartments Inc reported income of $191k and spending of $210k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $185k to $191k (+3.3%), an average of +0.8% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc-Chaucer Apartments Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within AR. Charities of a similar size with the same main cause include American Concrete Institute Inc ($191k), Saint Marys High School Scholarship & Benefit Fund ($191k) and Fishtails a Fishtown Animal Rescue Inc ($191k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $606k against liabilities of $17k, net assets of $589k.

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.